Greece has second highest rate of defense spending in NATO
Greece has the second highest spending in NATO on defense, after the US, according to figures issued Monday by the alliance.
The country is one of just five countries whose annual spending on defense exceeds 2 percent of gross domestic product.
The country with the highest spending as a proportion of GDP is the US, with 3.61 percent, followed by Greece with 2.38 percent.
Next comes the UK with 2.21 percent, Estonia with 2.16 percent and Poland with 2 percent.
You may be interested
Metsovo: Lakes, Ski Resorts and BearsPanos - Nov 22, 2017
Metsovo is a renowned mountainside town straddling the Pindus mountain range where Epirus converges with western Macedonia and Thessaly. Standing…
Tourists in Greece exceed 23.5 million over first nine monthsPanos - Nov 22, 2017
According to the Bank of Greece (BoG), there was a 10.3% increase in the tourism revenue for the first nine…
Mitsotakis Interview: Over-taxation in Greece is SurrealPanos - Nov 22, 2017
Main opposition leader Kyriakos Mitsotakis is in Strasbourg, where he had meetings with leaders of the European People’s Party (EPP),…