Military spending in Europe in 2022 has surpassed its level at the end of the Cold War. The Old Continent has spent, after deducting inflation, 13% more on its armies. The United States alone accounted for 39% of global spending last year. The trend is expected to continue to accelerate in the next decade, says researcher Nan Tian of the Stockholm International Peace Research Institute (SIPRI) The UK is the first European in sixth place (3.1% of the world total) ahead of Germany (2.5%) and France.
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Europe's military spending surged at a record pace in 2022 led by the UK, Germany and France with the US continuing to top the list, accounting for nearly 40 percent of global military expenditure, a new study has reveals.