Why France is Preparing for War

Go to for your life insurance, wealth management and VA mortgage needs. Whether you just enlisted or retired long ago, your financial security is the goal of AAFMAA. France’s armed forces are one of the most powerful and combat tested in Europe. But there’s one problem. Two and a half decades ago when they had their last major transformation it shrank their military’s size and budget. Video Edited by: Michael Michaelides French defense spending as a percentage of their GDP from 1960 to today going from 5.4% in 1960 to 1.8% in 2019. A similar trend happened throughout most western countries. This made perfect sense at the time the Soviet Union had just collapsed and it seemed the world had never been safer. To kick start their defense industry back into high gear France’s President Emmanuel Macron recently unveiled a new 6 year defense budget which will now total $450 billion dollars, representing nearly a 40% increase. France is 6th in the world f