StanCollender'sCapitalGainsandGames Washington, Wall Street and Everything in Between



Germany

Posted by Gordon Adams

Fiscal austerity has arrived in Europe, and defense is not being spared, which now risks opening a new round of useless bickering over the "defense burden."  The Germans have announced plans to reduce their combat forces by more than one third, or 85,000.  The French are slowing their defense acquisition programs and looking for new ways to partner on projects with their allies.  And the UK announced yesterday a plan to reduce their defense plans by eight percent over the next four years, retiring its Harrier aircraft, elimin



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