Fourteen NATO countries have so far announced their defense budgets for 2015. Of those fourteen, only the US and Estonia have passed the 2% of GDP threshold that every NATO nation pledged to have as their goal for military expenditure. According to a new study from the European Leadership Network (ELN), six nations will increase their budgets in 2015 while six military budgets will shrink. France’s budget will remain flat. And the UK and Germany, two of the largest military powers in Europe, will be among those seeing their budgets shrink. Canada’s defense budget has not been …read more
Source: Business Insider
