It's obvious that Jacques Chirac's defense budget cutbacks put France at risk for terrorists.A country and its leaders can never really know where defense problems will come from and this could take the form of various kinds of terrorist attacks.The government needs to know that defense is the last place to cut from in order to maintain a sense of security for its citizens.
Have there been any high-profile bombings or terrorist acts in France lately? The most prominent attacks were in Madrid, Spain, and then in London, UK. The defense budget cutbacks didn't expose France to anything because France has stayed out of foreign wars for the most part. Jacques Chirac's cuts didn't make that much of a difference.
France is one of the most powerful countries in all of Europe and, for that matter, all of the world. They mostly keep to themselves and stay out of too many foreign affairs. They needed to make defense budget cuts and, if anything, it'll show the world they are less aggressive.
No, Jacques Chirac's defense budget cutbacks did not expose France to greater risk from foreign adversaries, including terrorists, because France is fairly insulated, and not in the middle of any extremely large conflicts. Cutting the large-scale defense budget likely will not make a difference in France's ability to fight terrorism within its borders.
Cutting defense sounds like a good idea, but in the case of modern day Western Europe, it is not beneficial. While it is true that the budget is fine for the actual defense of the country, the defense budget is not enough to just defend, it has to advocate for other species.