European Defense Agency

September 20, 2011
By Max Cacas

At a time when the European Union and the United States are both facing moderate to severe austerity in the years ahead, it's more important than ever to do more with less.

Claude-France Arnould, chief executive of the European Defense Agency (EDA), told the European Institute's Transatlantic Roundtable on Defense and Security Affairs that the effects of the financial crisis in most EU nations has begun to hit "full force," and the defense ministries of many EU members are experiencing cuts of between 15 and 25 percent in some cases.