Military spending prolongs the economic crisis

According to reports, Spain and other Southern European crisis countries could have avoided severe social consequences of austerity had the military spending before the economic crisis been more moderate. Today, Spain is paying back its lavish overspending in weapon programs that were initiated during the boom years to modernize its armed forces. From a strategic point of view, the programs were arguably not necessary for its armed forces nor did respond to specific security threats. Though there is no evidence of corruption, the relations between the defense ministry, Spanish arms industry and the armed forces were very close. Over the past years, Spain has cut its defense budget less than its education budget. Published in Helsingin Sanomat in 2013. To read the story in Finnish, continue HERE.
photo by navantia