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Europe and the General Strategy


  • Constantin ANGHELACHE

    („Artifex” University of Bucharest / Academy of Economic Studies, Bucharest)

  • Valentin BICHIR

    (Academy of Economic Studies, Bucharest)


    (Academy of Economic Studies, Bucharest)

  • Bogdan DRAGOMIR


More than five decades after World War ii and two decades since the end of the cold War and its corresponding threat of nuclear annihilation, existential security concerns seem far from the minds of average Europeans. This sense of safety, combined with tight government budgets in a time of economic crisis, makes costly weapons systems and other defense expenditures seem less essential to citizens and policymakers alike. But despite the impression of security, europe cannot afford to be complacent to continued threats in a still-dangerous world. While the cold War danger of global nuclear war has receded, the risk of missile-borne nuclear attack remains. At the 2010 NATO Summit in Lisbon, Ballistic Missile Defense (BMD) was designated a core element of NATO’s collective defense requirements and the Alliance committed “to expand NATO’s current system to protect NATO-deployed forces to also protect NATO European populations and territory.” And at the 2012 NATO Summit in Chicago, the Alliance confirmed its strategic and financial commitment. NATO defense and intelligence communities consider the ongoing ballistic missile and nuclear weapons development efforts of regional actors such as North Korea to be legitimate security threats. Many NATO and European Union officials are concerned that the ongoing economic crisis may deter European nations from fulfilling their basic obligation to protect their people and territories from nuclear attack.

Suggested Citation

  • Constantin ANGHELACHE & Valentin BICHIR & Alex BODISLAV & Bogdan DRAGOMIR & Cristi DUMITRESCU, 2013. "Europe and the General Strategy," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 61(2), pages 196-199, May.
  • Handle: RePEc:rsr:supplm:v:61:y:2013:i:2:p:196-199

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    References listed on IDEAS

    1. Hammoudeh, Shawkat & Malik, Farooq & McAleer, Michael, 2011. "Risk management of precious metals," The Quarterly Review of Economics and Finance, Elsevier, vol. 51(4), pages 435-441.
    2. Ulf Nielsson, 2009. "Measuring and regulating extreme risk," Journal of Financial Regulation and Compliance, Emerald Group Publishing, vol. 17(2), pages 156-171, May.
    3. Halbleib, Roxana & Pohlmeier, Winfried, 2012. "Improving the value at risk forecasts: Theory and evidence from the financial crisis," Journal of Economic Dynamics and Control, Elsevier, vol. 36(8), pages 1212-1228.
    4. Robert Sollis, 2009. "Value at risk: a critical overview," Journal of Financial Regulation and Compliance, Emerald Group Publishing, vol. 17(4), pages 398-414, November.
    5. repec:bbz:fcpbbr:v:4:y:2007:i:1:p:74-94 is not listed on IDEAS
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    More about this item


    radar; missile; defense; ballistics; technology;

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General


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