I’ve got a new piece up about how austerity is returning to Europe, but with a perverse twist: while the EU is devising a plan to get states to cut their overall budgets, it is also calling on governments to increase their defence budgets to at least 2% of their GDP to comply with NATO’s spending target. In other words, European countries will soon be required to cut back on social welfare and crucial investment in non-defence-related areas in order to finance the EU’s new defence economy — we might call this military austerity — in the context of the bloc’s increasingly vassal-like subordination to US foreign policy. Welcome to the age of military austerity.
Thomas Fazi 