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Greece Unveils €25 Billion Defense Modernization Plan

The initiative, the largest in Greece's modern history, focuses on advanced technologies, geopolitical challenges, and domestic industry involvement through 2036.

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 the €25 billion plan to overhaul Greece's armed forces, marking the most significant transformation in the country's defense history.
  • The modernization includes the development of the 'Achilles Shield,' an advanced air defense system addressing anti-missile, anti-aircraft, and anti-drone threats.
  • New acquisitions will feature high-tech military technologies such as drones, AI-powered missile systems, unmanned vessels, and a communications satellite.
  • The initiative aims to address geopolitical tensions with Turkey, strengthen Greece's role in the Eastern Mediterranean, and align with broader European defense goals.
  • The European Commission has granted Greece budgetary flexibility to exclude military spending from EU limits, enabling the plan's ambitious scope while emphasizing domestic defense industry participation.