European budget watch: Gradual decline in EU budgets continues, says EDA
This year rafts of European militaries have announced they will be cutting their defence budgets, reducing equipment orders or trimming force numbers. Yet it can be difficult to judge the effect of such reforms in the short term. Projects can overrun, new operations can unlock additional state funding, or projected savings can fail to materialize - all altering projected figures from the reality. In short, judging the total cost of European defence in 2011 is difficult at this stage.
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