Greece is set to undertake a significant overhaul of its defense strategy, committing €25 billion over the next 12 years. Prime Minister Kyriakos Mitsotakis announced this transformation in parliament, describing it as the most substantial change in the history of Greece's armed forces. The revised strategy emphasizes the integration of advanced defense technologies and the active involvement of the Greek defense industry in arms programs.
Mitsotakis pointed out the evolving nature of warfare, stating that Greece must adapt its military capabilities in response to emerging threats, particularly given its historical tensions with Turkey. As part of this initiative, Greece's defense spending already exceeds 3% of its GDP, more than double the EU average, a move influenced by increasing pressure from NATO allies, particularly the United States.
The new arms procurement plan, which extends to 2036, includes a strong focus on cyber capabilities, unmanned vehicles, and a comprehensive defense system dubbed "Achilles' Shield." The Prime Minister has emphasized that the Greek defense industry will play a crucial role in any major defense investment.
To accommodate this increased spending, the European Commission plans to invoke the EU's national escape clause, allowing military expenditures to be excluded from limits on national budgets. Mitsotakis welcomed this flexibility but cautioned against excessive spending, highlighting the importance of maintaining fiscal responsibility.
Additionally, Greece's government has recently initiated a pay raise for its armed forces, the first in 14 years, to attract young talent. However, this decision has sparked internal debate within the ruling New Democracy party regarding the potential extension of pay increases to other uniformed personnel. Mitsotakis assured that further increases would be considered, while stressing the need for economic stability.