Germany Considers Defence Cuts




The German government is taking measures to cut costs where possible in order to reduce its federal debt and consolidate the budget, with potentially severe consequences for defence. A letter from the State Secretary at the Federal Ministry of Finance has indicated the sums to be saved in the budgetary cycle of 2011 to 2014 amount to a total of EUR 4.3 billion (US $5.28 billion). Programmes which may be affected include the EC655 Tiger (UHT variant) multi-role fire support helicopter as we...
TO READ THE FULL STORY