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© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
Philip Stephens is a commentator and author. He is associate editor of the Financial Times where as chief political commentator he writes twice-weekly columns on global and British affairs.
He joined the Financial Times in 1983 after working as a correspondent for Reuters in Brussels and has been the FT’s Economics Editor, Political Editor and Editor of the UK edition. He was educated at Wimbledon College and at Oxford university.
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Pay up for Nato or shut it down
©Ingram PinnBeing prepared for new threats requires military capabilities but no one wants to pick up the bill