Posted on March 2, 2016 David Sherman
On February 19, 2016, Tom Kington of Defense News wrote an article talking about how Europeans defense is spending more money because of the fear of Russian aggression. The European defense has increasing their spending on aeroplane parts by over 8 perfect this year which, in the grand scope of things, has reversed on declining budgets of 20 years.
The Istituto Affari Internazionali, Institut de Relations Internationales Et Strategiques, and SWP released a PMA report with more information on this. Here is what the report had to say about the decline: “The decline that has affected European defence budgets for over twenty years, and more acutely after 2008, has halted.” There has been a rise in Eastern and central Europe, which covers the Estonia, Czech Republic, Hungary, Latvia, Lithuania, Slovakia, and Poland. Where will be over a 19 percent increase in spending on connector parts with the seven countries listed above while Hungary will be leading at a 22 percent increase which would be nearing €1 billion. On the southeastern side of Europe, seven countries will be experiencing a rise in over 9 percent. These seven countries include Slovenia, Serbia, Romania, Greece, Cyprus, Croatia, and Bulgaria.
The only three countries that will remain with a stable budget is Sweden, Greece, and Italy. However, Sweden is preparing to increase their spending in 2017 or later. Not only this, but reports say that the French defense budget will be expected to pass €33 billion in 2019 which is up €30 billion from last year in 2015.
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