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The EU between pooling & sharing and smart defence - Making a virtue of necessity? CEPS Special Report, May 2012

Faleg, Giovanni and Giovannini, Alessandro (2012) The EU between pooling & sharing and smart defence - Making a virtue of necessity? CEPS Special Report, May 2012. UNSPECIFIED.

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    The financial crisis has deeply affected European defence budgets and, as a consequence, the EU’s capability to act as a provider of global security. This paper assesses the extent to which pooling & sharing (P&S) of military capabilities is a viable plan to boost collective capacity-building and offset the heavy budget cut-backs, drawing impetus from the NATO ‘smart defence’ agenda. Although multilateral cooperation is proven more efficient than the status quo through the lens of economics, and a set of external stimuli would facilitate deeper military integration, the paper acknowledges that a fully-fledged EU defence market remains difficult to attain due to short-term political and strategic considerations. However, piecemeal progress in specific areas is possible and viable, if political conditions are met. The last section of the paper offers some policy recommendations towards a pragmatic and feasible roadmap for P&S.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > External relations > common foreign & security policy 1993--European Global Strategy
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Special Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 24 May 2012 09:08
    Number of Pages: 29
    Last Modified: 24 May 2012 09:08

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