31 Jan '13, 10am

"Hold the line on defence spending" #SecGen urges #NATO #SGReport

"Hold the line on defence spending" #SecGen urges #NATO #SGReport

The Annual Report sets out the Alliance’s achievements in 2012 and the challenges it expects to face in 2013. One of the most pressing concerns is the economic situation and its impact on defence capabilities within the Alliance. “Our security rests on our prosperity: you can’t be safe if you’re broke. But in turn, our prosperity rests on our security,” the Secretary General told a press conference in Brussels. “We have to invest to keep our societies safe. Because security threats won’t go away while we focus on fixing our economies,” he underlined. Overall, NATO investment in modern capabilities has risen in recent years, and most Allies have significantly improved their ability to deploy and sustain forces . However, the development has been uneven, and while total defence spending by the Allies has been going down, the defence spending of emerging powers has been going...

Full article: http://www.nato.int/cps/en/natolive/news_94266.htm?buffer...

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