Giorgos

Greece no. 2 defense spender in NATO

Greece is the number two NATO member, behind only the U.S., in terms of its defense spending as a proportion of gross domestic product (GDP), Greek daily Kathimerini reported yesterday.

According to NATO's defense spending report for 2006, Greece spends 3 percent of its GDP on the armed forces compared to the 3.8 percent invested by the U.S. Turkey, which has often been under criticism by the EU, has an outlay of 2.8 percent of its GDP.

The armed forces cost each taxpayer in Greece $402 last year, according to NATO.

Of all NATO members, Greece spends the third-largest proportion of its military budget on wages (73.8 percent). Equipment and arms account for some 15 percent of expenditures and only 1 percent is spent on infrastructure.

The armed forces in Greece also employ the largest proportion of the work force in any NATO member state with 3.3 percent of working Greeks contracted to the military. Turkey has the next highest percentage (2.2).

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RWC-04

very high number if we think ten million population. Also Greece has minimum own protuction but a biggest customer of French and German companies.

with these money, how many modern airports, high speed rail and metro projects, how long motorways and housing projects could be realized.

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Giorgos

I agree, its very sad.
But you must understand the threat that Greece is under.
The Aegean islands are in danger as Greece sees it.

70% of it is spent on wages. When compulsory service is abolished then I guess costs will lower.

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Rev

Dont get your hopes up of any major spending decreases.
Theres alot of new toys that will be coming in

The population is closer to 12million btw.

Rhunnen

i hope greece spend its defence budget for its own toys rather than foreign companies. before we join to nato, we were producing our own war planes (plus exported to egypt i remember) and started to build own wind tunnels, but after...factories locked, and constructions stopped. we bought from usa, for years. finally we are producing our own armed vehicles, artillery stuff, unmanned plane (developing new versions), developing own main battle tank and producing usa planes & motors.

we need them, because of our location in the map, but you don t need that much spending. i don t believe turkish army want to attack greek islands, our aegean coast is better enough

@rev, ok, 12...

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