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NATO's Last Chance by Andrew A. Michta, The American Interest.
"As spring 2011 bursts into bloom, the NATO alliance finds itself withering on the vine. An alliance that was once the quintessential expression and spearpoint of the Transatlantic security relationship is now at risk of undermining it. Notwithstanding the adoption of a New Strategic Concept and Critical Capabilities Initiative at the November 2010 Lisbon Summit, internal differences over Afghanistan and a widening Transatlantic gap in defense spending are fast overshadowing the larger imperative of Euro-American security cooperation. All signs point to accumulating distress."