28-06-12

Our participation in NATO leads to a financial crisis

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7 Feb 2011 - 'Nato Brussels headquarters to cost €1billion'
Nato's new headquarters in Brussels will cost its members €1billion (£841 million) at a time of deep cuts to British defence budgets and despite promises by the Alliance to cut its costs.
 
18 May 2012 - 'Afghan war will leave taxpayers with £20bn bill as government reveal true cost of conflict'
 
May 20, 2012 - 'Karzai has said his country will need at least $10 billion per year in overall aid through 2025'.
 
21 May 2012 - 'Mr Hollande also said that as a Nato member France was being asked to contribute to the Afghan security forces budget of $4.1 billion a year from 2015'.

June 6, 2012 - 'Metra: NATO cost rail line $800,000'
Lost passenger revenue, added security boosted tab
 
June 13, 2012 - 'The rise and fall of the euro'
Just one decade after the European single currency was launched amid fanfare and fireworks, its future looks uncertain as the debt crisis that engulfed Greece, Ireland and Portugal threatens the entire bloc.
Spain, the bloc's fourth-largest economy, is the latest country to be swept into the crisis. In June, it was forced to seek up to €100 billion in aid from its eurozone peers to shore up its banking sector...
 
'Call for Nato help with Army costs'
The projected cost of operations in Afghanistan for 2006/07 is £770 million, the highest since troops were first sent there in 2001...
 
NATO: Just why are people protesting?
NATO is responsible for 70% of world military expenditures – and the U.S. is responsible for 50% of world military expenditures, $711 billion in 2011 alone. And that’s just the part of the military budget that’s not secret or buried in other parts of the budget...

Photo: NATO buildings in Brussels
 

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