The impact of the financial crisis on European defence

Abstract: The financial crisis may pose a risk as well as offer an opportunity for the European defence sector: on the one hand, it sounds plausible that shrinking budgets increase the pressure on member states to cooperate and thus overcome the EU’s problems related to capability development and restructuring of the defence industries and markets. On the other hand, national prerogatives still dominate despite a decade of rhetoric and initiatives for more cooperation and less state in EU defence. If this national focus continues to dominate under current financial circumstances, EU member states run the risk to implement cuts in their Armed Forces in an uncoordinated way. As a result, member states might end up with potentially even bigger capability gaps than they have today and hence even less opportunities to implement the Common Security and Defence Policy (CSDP). This study provides a comprehensive and detailed overview on the ongoing impact of the financial crisis on EU Member States

Object Details

• Alternative title: Die Auswirkungen der Finanzkrise auf die Europäische Verteidigung
• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource, 63 S.
• Language: Englisch
• Notes: Veröffentlichungsversion ; nicht begutachtet

Classification and Topics

• Classification: Politik

Contributors, Places and Time

• Event: Veröffentlichung
• (where): Brüssel
• (when): 2011
• Creator: Mölling, Christian ; Brune, Sophie-Charlotte
• Contributor: European Parliament, Directorate-General for External Policies of the Union, Policy Department

Further information

• URN: urn:nbn:de:0168-ssoar-256754
• Rights: Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
• Last update: 15.08.2025, 7:27 AM CEST