Tag: defense spending

France Is Drifting Into a Greek-Style Crisis

Like a rudderless ship, France is sailing straight for the same cliffs that broke the Greek economy 15 years ago. Will President Macron meet his Waterloo in the hallowed hallways of the IMF?

Unicorn with NATO symbol on side

NATO’s Make-Believe Spending Goal

It would be surprising if even half of the European NATO members could expand defense spending as much as the alliance requires.

scale with apple in one basket and a military tank in the other

Welfare or Warfare? The Spanish Agony in Numbers

Rising defense spending will cause fiscal fights in many NATO countries. In Spain, the tension between social benefits and military outlays is perhaps more pointed than anywhere else.