Greece seeking to boost defense sector amid East Med tension

Greece seeking to boost defense sector amid East Med tension

Greece plans to acquire arms, bolster up its army staff and revamp its defense industry, its government spokesman said on Monday, as tensions with NATO ally Turkey over energy resources in the East Mediterranean grow.

Greece, which emerged from its third international bailout in 2018 and has been struggling with the economic impact of the novel coronavirus, wants to spend part of its multi-billion-euro cash reserves on its defense sector.

“We are in talks with allies to boost our armed forces,” government spokesman Stelios Petsas told reporters, adding that Prime Minister Kyriakos Mitsotakis will outline his plans during an annual economic policy speech on Saturday.

A Greek government official told Reuters last week that Greece is in talks with France and other countries over the acquisition of fighter jets. Greece has also been trying for more than a decade to consolidate and privatize its loss-making defense companies.

Mitsotakis will meet French President Emmanuel Macron in Corsica on Thursday, before a Southern European leaders summit (MED 7), and will discuss the issue, Petsas said. The French Presidency has not confirmed the meeting.

Turkey and EU member Greece vehemently disagree over the extent of their continental shelves. Tensions rose last month after Ankara sent an exploration vessel into disputed waters in the region, accompanied by warships, days after Greece signed a maritime deal with Egypt that angered Turkey.

Ankara has since been extending the vessel’s work in the wider region, issuing advisories which Athens calls illegal.

The Greek conservative leader discussed the latest twists in the row with European Council President Charles Michel, who chairs summits of EU leaders. Michel will visit Athens on September 15, Petsas said.


Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.