EUROPE’S DEFENCE IN TIMES OF AUSTERITY: SPENDING CUTS AS A ONE-WAY STREET?
EUROPE’S DEFENCE IN TIMES OF AUSTERITY: SPENDING CUTS AS A ONE-WAY STREET?
Author(s): Marko Savković
Subject(s): Politics / Political Sciences, Politics, Economic policy, Security and defense, Military policy
Published by: BCBP Beogradski centar za bezbednosnu politiku
Keywords: NATO; EU; defence; Military Spending Cuts
Summary/Abstract: Since the beginning of the global economic crisis NATO and EU countries have been called to reassess (and significantly cut down) their defence spending. With the public debt and Eurozone crisis, and economic growth projected to stagnate, pressure on decision makers has increased. So far, their first course of action has been to consider layoffs and termination of contracts, programmes and operations, risking credibility of their forces. In this analysis we consider some of the measures implemented so far, and think of possible alternatives.
- Page Count: 6
- Publication Year: 2012
- Language: English
- Content File-PDF
