A new European Parliamentary Research Service report shows that EU Member States collectively raised their defense spending from €218 billion in 2021 to €326 billion in 2024 — a 30% increase in real terms. But Greece, long accustomed to maintaining high defense outlays, stands out not just for meeting the 2% benchmark, but for consistently exceeding it — even during the depths of its financial crisis.
This development raises both opportunities and concerns about whether Greece can secure a meaningful share of the funds and rebuild its defence sector.
Την ίδια χρονιά, οι ξένες τράπεζες με παρουσία στην Ελλάδα μείωσαν τις χορηγήσεις κατά 4,76%, από τα 10,2 στα 9,7 δις. δολ. Οι ξένες τράπεζες χωρίς παρουσία στην Ελλάδα μείωσαν κατά 3,1% τα δάνειά τους,, από 22 σε 21,4 δισ. δολ.
According to a November report by local outlet Vecer, the contract follows a competitive tender process that drew bids from five companies, including two Italian firms, one Turkish firm, and one Serbian. Construction is expected to be completed within 34 months of the contract signing.
A staggering one in four Greeks faces the risk of poverty, with children, women, and single-parent families most vulnerable, according to a revealing 2024 survey by the Hellenic Statistical Authority (ELSTAT).
Prime Minister's interview with Monocle's Foreign Desk - What he says about Tempi and international developments with the trade war
