8% Defense Cuts for 5 Years Ordered

[tjscott0]

@Leap1

Europe can defend Europe.

Perhaps not.

EU Economic Competitivness--FAIL

The EU also benefitted from a favourable global environment. World trade burgeoned under multilateral rules. The safety of the US security umbrella freed up defence budgets to spend on other priorities. In a world of stable geopol- itics, we had no reason to be concerned about rising dependencies on countries we expected to remain our friends. But the foundations on which we built are now being shaken. The previous global paradigm is fading. By 2040, the workforce is projected to shrink by…