New Research Division Publication: "NATO and the Economic and Financial Crisis"

• NATO and the Economic and Financial Crisis

Research Paper 52, by Keith Hartley and Binyam Solomon

The international economic and financial crisis, arguably the deepest since the end of the Second World War, will have a major impact on the budgets of all NATO countries. In most European NATO member states, defense budgets are likely to be more affected than civil expenditures, as it is politically easier to cut military spending instead of social costs.

What will be the consequences of shrinking defense budgets on NATO’s operations and on Alliance burden sharing at a time when there is already a significant mismatch between NATO’s obligations and the resources provided by the member states?

These questions are analyzed in the new Research Paper of the NATO Defense College “NATO and the Economic and Financial Crisis”.

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