The Greek Defence Budget - Excessive Or Necessary

The economic situation in Greece is dire. Walk the streets of Athens and you will see Greeks digging in trash cans for food. With no jobs and withdrawal limits imposed on locals, hard cash is elusive and hard to come by. Those situated outside defence circles will therefore be surprised (and perhaps a little shocked) to discover that according to NATO Greece is a large defence spender with 2.38% of its GDP for 2015, second to the United States who spends 3.59 % of its GDP on defence.

Written by Sylvia Caravotas (Satovarac Consulting) for OIDA. The full article is available from OIDA.