Does EU Defence Initiative Mark the Beginning of a Truly Competitive Military Equipment Market?

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2011 is proving a momentous year for European militaries, with both spending cuts and new cooperative ties radically shaking-up the defence establishment. Yet whilst the austerity screws continue to tighten in national capitals, in the European Union’s corridors of power, something far more fundamental is coming into force. On the 21st of August, phase two of the EU’s "Defence Package" passed into binding law, beginning a paradigm shift for European defence industry relations. Inde...
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