Greece Doubles Defense Budget Amid Turkey Tensions
Greece’s 2025 budget, approved by parliament, significantly increases defense spending to €6.1 billion, nearly double the previous allocation. This rise, driven by increased equipment deliveries, reflects the government’s prioritization of national security amidst regional tensions, particularly with Turkey. The increase received broad support across the political spectrum, despite representing approximately three percent of Greece’s GDP. The budget also includes measures to reform the banking system, benefiting citizens through reduced fees and investments in public infrastructure.
John Q. Hosedrinker