Greece Will Ask European Commission to Allow It to Spend More on Defense

Many former Greek ships sail in the Russian shadow fleet. For the shipowners, the sale of their maraudous ships is lucrative. MEPs now call on the government in Athens to act. By Moritz Pompl.

The Greek government has announced it has submitted a request to the European Commission and Council to be exempt from the common fiscal rules and thus have more room to increase defense spending, with a view to…

Greece Will Ask European Commission to Allow It to Spend More on Defense

Greece’s finance minister, Kyriakos Pierrakakis, says he will ask the European Commission to enact a fiscal escape clause to allow it to spend more money on defense in its 2026 budget. On Tuesday, Pierrakakis told public broadcaster ERT he would submit the request later, seeking to allow Greece to spend an extra 500 million euros ($569.6 million) earmarked for 2026. He said the extra amount was less than 0.3 percent of Greece’s gross domestic pr…

Greece to ask EU for fiscal flexibility on defense spending

Excluding some defense spending from budget would create more space for expenses for social cohesion, development, says finance minister - Anadolu Ajansı

Greece to Ask EU for Fiscal Leeway on Defense Spending

Greece plans to allocate 25 billion euros ($26.99 billion) as part of a 12-year defense strategy.. Credit: Hellenic Air Force Greece will ask the European Commission to exempt its 2026 defense spending from the EU’s budget rules as part of the so-called fiscal escape clause, the Greek Finance Minister said Tuesday. Speaking to public broadcaster ERT, Kyriakos Pierrakakis said the country will submit a request later on Tuesday, seeking to exempt …

Escape Clause: Awaiting the EU's verdict

Greece made the move and requested the activation of the national escape clause to exempt defense spending from future fiscal calculations. It is now up to the Commission to evaluate… Escape Clause: Awaiting the EU’s verdict - SHIPPING