From economic to strategic crisis: European military expenditure and procurement in the 2010s
Journal: Edward Elgar Publishing eBooks
Year: 2020

After the financial crisis of 2008, European military expenditure dipped. However, a change in the security environment and threat perceptions of Europeans, following Russia’s annexation of Crimea in 2014, generated a new political consensus in favour of increased military spending. In a decade, the levels of military expenditure returned to their pre-financial crisis levels. However, even though the trend is general throughout the continent, defence policy priorities still differ widely, which