Global Weapons Spending Slows As Europe Slashes Military Budgets -- Deutsche Welle
A record $1.6 billion was spent on weapons in 2010. Yet, according to a study by a leading Stockholm think-tank, the increase slowed over 2009, and military expenditure in Europe has even shrunk.
Increases in military spending slowed down considerably last year under pressure from the global recession, while European countries slashed military spending in 2009, a leading think-tank said Monday.
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MILITARY AND INTELLIGENCE NEWS BRIEFS
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