24,700-million dollars to around 62 billion, mainly due to "numerous and complex threats," security and military stability, which put at risk now regional balance and endanger the fragile balance of South America. Those were the overwhelming conclusions of the report Military Balance 2010 (Military Balance 2010) presented this week in London, by the influential International Institute for Strategic Studies (IISS). According to the document Brazil topped the list of Latin American countries spent on defense over the past year, with 27,780 million in 2009. Followed Colombia (10,070 million) and Chile (5230 million) on the podium Argentina came in fifth place with 2,220 million in 2009.
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