London CNN —
The North Atlantic Treaty Organization, the defense alliance of 32 countries, is on a spending spree, with plans to funnel billions into their militaries and security systems over the coming decade.
But it’s a splurge that some European members of NATO, grappling with huge and ballooning debt burdens, can ill-afford.
“It’s something unprecedented in peacetime to have such a massive increase in spending on any item – in particular, on defense,” Marcel Fratzscher, president of the German Institute for Economic Research or DIW, told CNN.
Last month, NATO members
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