Scaring Putin: Britain plans to meet the NATO requirement that it spend 2% of its GDP on defense by “creative accountancy” rather than by “actually spending more money,” reports the Financial Times. The trick: count spending on intelligence services and war pensions as military spending. This is in the great tradition of Greece, the new home of creative accounting: Greece includes “huge pension commitments” in its military spending report to NATO. It is not clear that confronting Putin’s tanks with audited reports of military pension funds will dissuade him for further expanding his New Russia.

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