Defense spending by countries in Europe has steadily declined since 2001 in constant Euros with the rate of decline accelerating the last few years, according to a new analysis by the Center for Strategic and International Studies (CSIS). During the decline in spending, which was $348 billion in 2001 and $291 billion in 2011, representing a nearly 2 percent compound annual drop, the smallest cuts were made in the operation and maintenance (O&M) category followed by the equipment category, says…
Decline In European Defense Spending Accelerates, CSIS Report Says
Defense Daily Staff
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