Italy: Rome Trains Its Sights on Defense Spending Cuts

Looking to square the circle, Italy's new populist government under the Five Star Movement and the League has announced proposals to simultaneously raise welfare spending and cut taxes. Rumors have been swirling that, to make up for the shortfall in revenue, Rome plans to cut defense spending. In its first such action on the matter, the Italian government has announced that it will no longer seek to purchase CAMM-ER surface-to-air missiles, which were initially listed at a little over $600 million. ...