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Title: Challenges for European Defense Budgets after the Economic Crisis
Author: by Patrick Keller/American Enterprise Institute
Date: 11/07/2011
In Europe, some of the most dangerous effects of the 2008 financial and economic crisis have not yet been fully understood. For almost three years, the focus has been on the financial sector, the job market, and the stability of the euro. This Outlook examines the effects of the economic crisis on European defenses, their respective budgets, and how they have responded to the challenges confronting them. Furthermore, it recommends measures in order for Europe to stay relevant in international affairs, including: having the EU produce reports regularly on military strategy, development, and procurement; making better use of best-practice models; and lastly, changing the debate from one that centers on money to one that centers on security.

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