As Europe cuts military budgets, some worry about its clout

http://www.latimes.com/news/nationworld/world/la-fg-europe-military-20101205,0,3459767.story

Key U.S. allies say they must slash defense spending to rein in budget deficits that are spooking investors. Some experts fret that it's not just manpower and materiel being cut, but Europe's reach and ambition.