NATO member countries to cut defense expenditures

NATO member countries to cut defense expenditures
# 11 June 2010 15:38 (UTC +04:00)
Baku – APA. NATO defense ministers discussed reducing of defense expenditures in Brussels. The global financial crisis has a negative impact on the military budgets of the NATO member countries, the ministers said in a joint declaration, APA reports quoting RIA-Novosty. NATO Secretary General Anders Fogh Rasmussen said it would allow the alliance to make 1.5 billion euros in saving over the next four years for its military budgets. The NATO defense ministers supported the idea of strengthening the collective defense mechanisms.


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