Despite increased budgets and investment in certain weapon developments, the Spanish Ministry of Defence states that their overall budget has depleted by 32% since the start of the financial crisis, with 8.4 billion in the kitty in 2008, dropping to a mere 5.75 billion planned for 2014.
As a result, the Ministry says that it has no choice but to reduce costs, thus resulting in a significant reduction in high profile military elements, like the decommissioning of 18 naval ships in the past 6 years.
One of the most iconic ships to be withdrawn last year was the aircraft carrier PrÃncipe de Asturias, decommissioned after 25 years of service, considered a somewhat tragic sight when she arrived at the Arsenal Militar de Ferrol for final discharge from service.
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