‘Europe Lacks 56 Billion Euros Annually to Achieve Military Goals,’ Reports The Financial Times

An interesting study was carried out by specialists from the Munich Institute economic research. They calculated the annual budget deficit of European countries in terms of defense spending as part of their NATO membership obligations. The results of the study are published by the British newspaper The Financial Times. According to it, Europe currently lacks 56 billion euros annually to meet NATO’s defense spending target. And in the near future these numbers may increase, given the economic situation in most countries of the Old World, to put it mildly. Far from ideal. “NATO’s push to increase defense spending increases pressure…