SIPRI
Greek News
World Spending in Military Reaches Record $2.4 Trillion in 2023
The world spent $2.4 trillion on military forces in 2023, the highest amount ever recorded by the Stockholm International Peace Research Institute (SIPRI).
SIPRI has been monitoring military expenditures since 1949 and found in its annual report released on Monday...
Economy
Fiscal Crisis Cuts Greek Arms Imports
With big cutbacks in spending, including in defense, arms imports by Greece fell 20 percent from 2008-12 as austerity measures were being imposed to reduce the country's debt and keep rescue monies coming from international lenders.
Greek imports overall declined...
Economy
Despite Economic Crisis, Greece Is EU's Biggest Arms Buyer
ATHENS – With no real potential enemies apart from NATO ally Turkey and the tiny neighboring country of FYROM to its north, Greece was still Europe’s biggest importer of weapons from 2007 to 2011, despite an economic crisis which...