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Europe´s defense budget cuts weakens its EUFOR peace missions worldwide, starting with Balkans.

Polish EUFOR soldiers in Chad

With Europe facing a debt crisis, Italy’s government looks set to slash 10 percent off its defense budget.

The prescribed cut is due to hit the Defense Ministry in 2011 and could imperil the top-up funds Italy’s armed forces receive from the Industry Ministry and other sources.

The measures come as NATO Secretary-General Anders Fogh Rasmussen has warned against drastic defense cuts, saying they could threaten international stability and limit growth prospects.

Italy isn’t the only nation member drawing battle plans to attack its defense budget. Greece and Portugal — the weakest financial links in the single European currency– have announced draconian cuts.

Those measures precipitated Britain, France, Denmark and Italy to consider similar action in a bid to curb public spending. READ MORE HERE.