Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
What is interesting is that they are beginning to accept it would impact even on military expenditure and capabilities which have been ring-fenced from all cutbacks until now.

That's one way of reading it.

Another way of parsing the quote in Melanchthon's first comment is that it will take a Great Depression to cut back military expenditure (and then only maybe).

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Apr 12th, 2010 at 03:50:42 PM EST
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