NATO in the aftermath of the financial crisis

03-04-2013

Since the onset of the financial crisis, in 2008, NATO members have cut their defence budgets by billions of euros. Investment in equipment, and research and development has also been reduced. NATO allies face the choice of pooling and sharing certain capabilities at an international level or losing the capacity to act globally.

Since the onset of the financial crisis, in 2008, NATO members have cut their defence budgets by billions of euros. Investment in equipment, and research and development has also been reduced. NATO allies face the choice of pooling and sharing certain capabilities at an international level or losing the capacity to act globally.