Hans Binnendijk and Richard Kugler: NATO’s European allies are set to make swingeing cuts in their defence budgets. The following is an 8-point plan for ensuring that austerity policies do not weaken NATO and endanger transatlantic relations.
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While the panic surrounding Portugal subsided a little yesterday, the reprieve may turn out to be a temporary one at best. ++ Investors continue to fear a default on Europe’s periphery. ++ Moreover, European policymakers’ insistence that struggling countries like Portugal cut their budgets undermines the economy’s recovery. ++ The Bank of Portugal cautions that GDP will decline in
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