Greece plans to invest €25 billion in a sweeping multi-year defence strategy, Prime Minister Kyriakos Mitsotakis told parliament on Wednesday, marking a major step in modernising the country’s armed forces and reinforcing its strategic posture amid regional tensions and global uncertainty.
Greek Prime Minister Kyriakos Mitsotakis announced on Wednesday that the country plans to invest €25 billion ($26.99 billion) as part of a multi-year defence strategy aimed at modernising its armed forces and reinforcing national sovereignty.
Speaking to parliament, Mitsotakis emphasized that the investment marks a new era for Greece as it continues to recover from the severe economic crisis of 2009–2018 and seeks to maintain strategic parity with long-time rival Turkey.
According to officials familiar with the plan, the defence initiative will run through 2036 and includes major procurement and development projects such as new submarines, air and naval drones, underwater surveillance systems, and a national communications satellite. A key component of the plan is the creation of an integrated air- and drone-defence system known as the "Achilles Shield."
Mitsotakis stressed that while defence spending is a vital investment in Greece’s sovereignty, fiscal responsibility must remain a priority—especially as the European Union weighs increasing its own military spending amid global instability.
Greece, a member of both the EU and NATO, already allocates around 3% of its GDP to defence—nearly double the EU average. The commitment comes as the bloc faces mounting pressure to strengthen its security posture amid concerns over the reliability of its longstanding alliance with the United States.
The prime minister also addressed rising global economic tensions, warning that sweeping reciprocal tariffs—expected to be announced by U.S. President Donald Trump—could pose significant challenges for Europe’s economic relations and overall stability.
Canada will reach NATO’s 2% defense spending target this fiscal year—years ahead of schedule—Prime Minister Mark Carney announced Monday, pledging billions in new military investments amid rising global security concerns.
Researchers at the University of Miami have discovered 230 new giant viruses in global ocean waters, shedding light on their hidden role in marine ecosystems and their potential impact on public health.
South African authorities have confirmed the deaths of a pilot and two passengers after a light aircraft crashed on Sunday in the KwaZulu-Natal province.
Warner Bros. Discovery will divide into two separate publicly traded companies, aiming to sharpen focus and maximize the value of its expansive media assets, the company announced Monday.
The UK government is exploring new online safety measures that could impose time limits and curfews on children's use of social media apps, in response to growing concerns about digital addiction and harmful content.
Canada will reach NATO’s 2% defense spending target this fiscal year—years ahead of schedule—Prime Minister Mark Carney announced Monday, pledging billions in new military investments amid rising global security concerns.
Researchers at the University of Miami have discovered 230 new giant viruses in global ocean waters, shedding light on their hidden role in marine ecosystems and their potential impact on public health.
South African authorities have confirmed the deaths of a pilot and two passengers after a light aircraft crashed on Sunday in the KwaZulu-Natal province.
Warner Bros. Discovery will divide into two separate publicly traded companies, aiming to sharpen focus and maximize the value of its expansive media assets, the company announced Monday.
The UK government is exploring new online safety measures that could impose time limits and curfews on children's use of social media apps, in response to growing concerns about digital addiction and harmful content.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Israel’s military says it has identified the body of top Hamas commander Mohammed Sinwar beneath a hospital in southern Gaza.
Italian efforts to ease citizenship laws and tighten labor protections failed on Monday after low voter turnout rendered the referendums invalid, marking a political win for Prime Minister Giorgia Meloni and a blow to the centre-left opposition.
Canada will reach NATO’s 2% defense spending target this fiscal year—years ahead of schedule—Prime Minister Mark Carney announced Monday, pledging billions in new military investments amid rising global security concerns.
South African authorities have confirmed the deaths of a pilot and two passengers after a light aircraft crashed on Sunday in the KwaZulu-Natal province.
The UK government is exploring new online safety measures that could impose time limits and curfews on children's use of social media apps, in response to growing concerns about digital addiction and harmful content.
More than 400 Stagecoach bus drivers in Scotland have begun an all-out strike from June 9 over a pay dispute, causing major disruptions across Ayrshire, Lanarkshire, and parts of Glasgow.
Canada will reach NATO’s 2% defense spending target this fiscal year—years ahead of schedule—Prime Minister Mark Carney announced Monday, pledging billions in new military investments amid rising global security concerns.
Researchers at the University of Miami have discovered 230 new giant viruses in global ocean waters, shedding light on their hidden role in marine ecosystems and their potential impact on public health.
South African authorities have confirmed the deaths of a pilot and two passengers after a light aircraft crashed on Sunday in the KwaZulu-Natal province.
Warner Bros. Discovery will divide into two separate publicly traded companies, aiming to sharpen focus and maximize the value of its expansive media assets, the company announced Monday.
The UK government is exploring new online safety measures that could impose time limits and curfews on children's use of social media apps, in response to growing concerns about digital addiction and harmful content.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment