NATO Countries Cannot Afford The Military Budgets That They Need

The Peril That NATO Can't Ignore -- New York Times

BERLIN — When NATO leaders meet next week in Lisbon, one topic is unlikely to be discussed: how to make the most of the dwindling funds available for defense spending.

The NATO secretary general, Anders Fogh Rasmussen, will present his new strategic concept for the 28-member U.S.-led military alliance. Much attention will be paid to improving relations with Russia, agreeing on a missile defense shield and responding to new threats.

But one of the biggest threats on NATO’s doorstep will most likely remain in the background: It is the growing reluctance by NATO’s European allies to face the consequences of the global financial crisis and introduce reforms in the defense sector.

Read more ....

My Comment: With all NATO member countries facing multi-billion dollar deficits, they are slowly coming to the realization that they cannot afford the military budgets that they want. This is the 800 lb. gorilla in the room, and I expect everyone to ignore it when they meet in Lisbon next week.