Greece to spend 25 billion Euros in defense overhaul

Greece will spend 25 billion euros through to 2036 in the defense overhaul in its modern history, Prime Minister Kyriakos Mitsotakis said on Wednesday.

"Τhe plan involves the most drastic transformation of the armed forces in the country's modern history," Mitsotakis said. The drive, which includes a new anti-aircraft defensive dome, is aimed at addressing rapidly changing geopolitical challenges and fraying transatlantic ties.

Greece has traditionally invested at least two percent of gross domestic product in its defense. But the new initiative is also designed to make the country of under 11 million "a key branch" of the European Union's defense mechanism, contributing one of the bloc's "most advanced" armies, Mitsotakis also said.