“Made nervous by Russian aggression in the Ukraine and fears of terrorism caused by the Islamic State group, cuts in Western European defense spending have finally come to a halt after a 20-year decline. Across the region, the once seemingly relentless reduction in defense budgets started to reverse last year, and while the expected increases for the rest of the decade are modest, they are at least heading in the direction the defense industry has long hoped for.”
Source: Western Europe Defense Spending Increase May Prove Temporary
