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Follow on Google News | New Market Research Report: Spain Defence & Security Report Q1 2011Fast Market Research recommends "Spain Defence & Security Report Q1 2011" from Business Monitor International, now available
This has strongly effected domestic defence spending. In October 2010, it was revealed that the overall budget for 2011 will be EUR7.1bn, which suggests a headline reduction of 7% over the 2010 budget. However, due to concessions given over the course of 2010, the actual figure is more likely to be around 3.5%, revealed Constantino Mendez, the secretary of state for defence, whilst presenting the 2011 budget to the congressional defence committee. Much of the cuts will be borne out by a reform of labour laws, and a concomitant reduction in the salaries paid to civil servants, realising a saving of 5% of the total personnel bill. Additionally, the budget will attempt to maintain its current procurement commitments, with the possibility of delaying or spreading out payments over a longer time frame. However, Mendez did call for a reduction in investment spending over the medium term. The majority of the cuts will be in the Department of Defence, and not the individual service branches. All news is not bad, however. While domestic military spending cannot be guaranteed, interest has been expressed by several developing countries in hardware from Spain. For instance, the Saudi Arabian and Spanish governments have firmed up previous military co-operation treaties, culminating in a meeting in November, in Madrid, between an Assistant Minister of Defence for Saudi Arabia and the Spanish defence Minister. Topics of discussion included piracy and the ongoing operations within Afghanistan, The current state of military co-operation between the two countries is mainly based around Spanish training of Saudi pilots in Saudi Arabia, at Moron Airbase, in Southern Spain. Additionally, AFP has reported of Saudi interest in the purchase General Dynamics Leopard 2E main battle tanks from Spain, in a deal which is reported to be possibly in the region of EUR3bn. While no deal has been confirmed, and any agreement will not only be months away but is also dependent on agreements from Germany's Kraus- Maffei and Rheinmetall group (the holders of the licenses for the tanks). If the deal is concluded, it is likely to be for around 200 of these tanks, and will be one of the largest ever arms deals made by Spain. Further to this, Indian interest in the Eurofighter may also provide a large cash injection into the industry. Domestic terrorism also does not look so bleak. In September 2010, ETA declared a unilateral ceasefire. This is not the first time that this has happened, and the group has broken such ceasefires in the past. However, there have been no deaths attributed to it in over a year, AP reports, and there have been suggestions from both Batsuna (the political wing of ETA), and current ETA operatives that there may be the possibility of an internationally verified de-arming. This may be due to that fact that ETA is now weaker than it has ever been before - a rhetoric which has been repeated by several senior government ministers. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - Spain Security SWOT - Spain Defence Industry SWOT - Spain Political SWOT - Spain Economic Industry SWOT - Spain Business Environment Industry SWOT Global Political Outlook - Global Hotspots - Latin America: More Of The Same - Western Europe - Central Europe - South Eastern Europe - Russia And The Former Soviet Union - Middle East: Mostly The Same Old Challenges - Sub-Saharan Africa: Definitive Elections Pending - Asia: Accommodating A More Powerful China - Wild Cards Global Security Outlook Regional Political Analysis - The Future Of NATO - The Strategic Outlook For The 2010s Security Risk Analysis - BMI's Security Ratings - Table: Europe Security Risk Ratings - Table: Europe State Terrorism Vulnerability To Terrorism Index - Spain's Security Risk Ratings - City Terrorism Rating - Table: BMI's Western Europe City Terrorism Index Political Overview - Long-Term Political Outlook Domestic Security Overview - Domestic Terrorism - Table: Background Brief - ETA - Timeline: Internal Threats - International Terrorism - Latest Developments - Timeline: External Threats Armed Forces And Government Spending - Armed Forces - Table: Western European Armed Forces, 2010 - Defence Posture - Defence Reform - International Deployments - Table: Spain's Foreign Deployments - Co-ordination And Joint Operations - Weapons Of Mass Destruction Market Structure - Arms Trade Overview - Timeline: Defence And Procurement Industry Forecast Scenario - Table: Spain's Armed Forces, 2000-2008 ('000 personnel) - Government Expenditure On Defence Industry - Table: Spain's Defence Expenditure, 2008-2015 - Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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