European governments cuts defense budgets, pretty severely.
German military personnel prepare a German Navy Sea King helicopter for a medical evacuation mission
BERLIN, June 2 — Across Europe, several governments plan painful cuts of their defense budgets, with Germany mulling to cut its forces by a staggering 100,000 troops, according to UPI.
While defense budgets in the Americas, the Middle East and Asia are rising, Europe has embarked on a near-continent-wide austerity course because of the debt crisis.
The mounting budget deficits have caused leaders in London, Paris, Berlin and Rome to remind their armed forces that they will have to cut back on personnel and procurements.
German media reported that the Bundeswehr force of 254,000 could be cut drastically to 150,000 troops, with the yearly draft being put on hold. A German Defense Ministry spokesman didn’t deny those reports, saying in a statement that all options remain on the table.
The statement comes a few days after…READ MORE HERE