US EditionGreece to spend 25 bn euros in 'drastic' defence overhaul: PM
- Greece will spend 25 billion euros by 2036 on a major defense overhaul, according to Prime Minister Kyriakos Mitsotakis.
- The overhaul includes a system named 'Achilles's Shield' to counter geopolitical challenges, as stated by Mitsotakis.
- Greece's military budget has doubled to 6.13 billion euros this year, reflecting its commitment to defense spending, as reported by Mitsotakis.
- Future defense contracts will require significant Greek industrial involvement, as announced by Mitsotakis.
117 Articles
117 Articles
'World's changing at unpredictable pace': Greece unveils $27 bn defence boost plan
The new plan aims to modernise Greece's armed forces as the country emerges from a decade-long financial crisis and seeks to match the defence advancements of Turkey, its historical rival, according to a report
Greece vows $27B on defense overhaul centered on high-tech warfare
ATHENS, Greece — Greece will spend 25 billion euros ($27 billion) over the next decade to adapt its military to evolving high-tech warfare technologies, officials announced Wednesday.Defense Minister Nikos Dendias told parliament the overhaul will be built around a planned air defense system called “Achilles Shield,” primarily aimed at addressing tensions with neighboring Turkey.The two NATO members have long-standing disputes over boundaries in…
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