Forget Fighter Jets, Submarines And Machine Guns, Europe's Armed Forces Will Be Fighting Their Next War With Their Accountants. -- Free Internet Press
The financial crisis has finally hit home with Europe’s military establishment, 18 months later than anywhere else. Massive bailouts and economic stimulus programs have left virtually all European governments with staggering budget deficits. Now the time has come to cut back on their spending. With nurses and the unemployed already paying their share of the price, soldiers will probably be next.
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Hat Tip: Defense Industry Daily
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