Greece to Spend €25 Billion on Defense Over Next 12 Years

Greece will spend €25 billion ($27 billion) on defense equipment over the next 12 years, as the government seeks to reinforce the nation’s military capabilities and boost its domestic industry.

The new long-term plan is the first of its kind for the country and comes as nations across Europe are seeking to ramp up military spending in the face of Russia’s continued aggression in Ukraine and a pullback of US security on the continent.