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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.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
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Thai police have fired tear gas and rubber bullets at Cambodian civilians in a disputed border area on Wednesday, authorities in both countries said. It's the most significant escalation since they declared a ceasefire to end a deadly five-day conflict in July.
Cuba has called for the United Nations to stop the United States from starting a war in the region, amid rising tensions due to a military build-up in the Caribbean to counter drug cartels.
Denmark did not invite the U.S. military to take part in Arctic Light 2025, the largest military exercise in Greenland's modern history, as NATO allies step up defence cooperation in the Arctic amid U.S. interest in the island.
NATO has strengthened its security to safeguard undersea infrastructure, since a suspected sabotage in January this year in the Baltic Sea. The alliance now deploys air and naval patrols, and warns that attacks will not go unpunished.
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