Armed Austerity? Cash-strapped EU beefs up military
One area that EU leaders are being forced to not let their guard down is on defense and security. The European Parliament's voted through a resolution to keep national militaries at full strength. As Polly Boiko explains, the warning is that reducing defense budgets could lead to the EU's strategic decline. British Euro MP David Campbell Bannerman voted against the move - accusing Brussels of encroaching on sovereignty by expecting states to relinquish control of defense and security decisions.
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