europe

The NATO-EU Capability Group was established in May well 2003 to assure the coherence and mutual reinforcement of NATO and EU capability improvement efforts. The development of European defence capabilities, while guaranteeing coherence and complementarity and avoiding unnecessary duplication, is key in joint efforts to make the Euro-Atlantic area safer and contributes to transatlantic burden-sharing. Because the industrialized north and the a lot more rural south share a prevalent currency, struggling southern economies cannot take benefit of currency depreciation to increase their international competitiveness. With no currency depreciation, southern exporters eventually struggle to compete with their northern rivals, which advantage...