Abstract
Lack of public support for defense spending is potentially the most severe constraint on security policy that will face West European governments in the 1990s. It is true that European governments have always been obliged to balance defense spending with the competing priorities of economic growth and social consensus. None the less, several developments have combined recently to make this task even more difficult. The oil-price shock of 1979 and the subsequent recession were the most obvious problems, as they led to conservative budgetary policies designed to reduce government deficits in an era of volatile credit and currency markets. The fear of “Eurosclerosis” added to the mood of restraint.
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