CHICAGO: Where do we find the money to pay for defense in a time of austerity and how do we leave Afghanistan gracefully. That sums up the two main threads of the second NATO summit held in America.
NATO Secretary General Anders Fogh Rasmussen told reporters this morning that this is a “crucial summit at a crucial time” for the 28-member alliance. Money will loom large as Europe’s slow-motion financial crisis continues and its governments begin to face fiscal crises as tax revenues dry up and economic growth continues at a tepid pace, at best. Rasmussen made the central role of funding very clear. Keep reading →