France Pares Defense Spending

Credit: French Defense Ministry
France's 2012 defense budget has had to cut €267 million ($352.4 million) from its original request of €31.72 billion. Had the axe not fallen, this budget would have remained stable, since the original 1.8% rise on the 2011 figure was just above the 1.7% inflation rate. The increase now is 0.75%...

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