Sunny Greece may not be the first country to come to mind when high defensive costs are mentioned, but only four NATO allies spent a higher percentage of their GDP on defense last year. According to NATO estimates, in addition to the United States, this list includes Poland, Latvia and Estonia, countries that have reinforced their defense spending in recent years in response to Russian aggression. Greece, for its part, remains steadily one of the highest countries with the highest costs in the field of defense, spending about 3.1% of its GDP in 2024. Tension with Turkey as a key factor in the heart of Athens’ defense spending lies its tense and complex relationship with its neighboring member. “Greece and Turkey have” many historical luggage “,” Jacob Kirkegaard, a senior researcher at Bruegel, told CNBC. Tensions between the two countries […]
Source: News Beast
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