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3w ago

Greece Launches €26 Billion Defense Modernization Plan Through 2036

The initiative includes advanced systems like 'Achilles's Shield' and aims to address regional tensions and modernize outdated capabilities.

Greece's Prime Minister Kyriakos Mitsotakis, right, speaks with Defense Minister Nikos Dendias, during a presentation of military spending plans, at the Greek Parliament, in Athens, Wednesday, April 2, 2025. (AP Photo/Petros Giannakouris)
Greece's Prime Minister Kyriakos Mitsotakis speaks during a presentation of military spending plans, at the Greek Parliament, in Athens, Wednesday, April 2, 2025. (AP Photo/Petros Giannakouris)
Greek Prime Minister Kyriakos Mitsotakis talks to the press as he attends a European Union summit in Brussels, Belgium March 20, 2025. REUTERS/Yves Herman/File Photo
Greece's Prime Minister Kyriakos Mitsotakis speaks during a presentation of military spending plans, at the Greek Parliament, in Athens, Wednesday, April 2, 2025. (AP Photo/Petros Giannakouris)

Overview

  • Prime Minister Kyriakos Mitsotakis announced a €25-26 billion defense overhaul to modernize Greece's military by 2036.
  • The centerpiece of the program is 'Achilles's Shield,' an anti-aircraft and anti-drone defense system being developed in collaboration with Israel.
  • The plan includes acquisitions of submarines, drones, and a communications satellite, alongside agreements for Rafale and F-35 fighter jets and frigates.
  • Greece has doubled its 2025 military budget to €6.13 billion, maintaining one of the highest defense spending levels in NATO at over 3% of GDP.
  • The modernization addresses delayed upgrades during Greece's 2009-2018 economic crisis and aligns with European efforts to strengthen military capabilities in response to global security concerns.