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Re: PegnVA post# 235094

Monday, 07/06/2015 9:02:53 AM

Monday, July 06, 2015 9:02:53 AM

Post# of 575590
Correction: 2.4% of Greece's GDP goes to military spending...

GREECE'S MILITARY BUDGET IS GETTING BIGGER EVEN AS THE COUNTRY'S ECONOMY LURCHES TOWARDS MAYHEM
Racked by financial woes since 2008, Greece has all but defaulted on its loans after the failure of talks with the European Union and its creditors.
The country is heading towards a high-stakes referendum next week that could result in the country leaving the European Union.
Still, despite Greece's staggering economic problems, the country has consistently maintained one of the highest military expenditures as a percentage of GDP in all of Europe.
For 2015, NATO projects Greece will spend 2.4% of its GDP on defense, which is actually an increase of 0.1% in spending over the past year. The previous year, the country's debt as a percentage of GDP was at 175%, while its economy contracted by 3.3%.
-BusinessInsider.com - June 29, 2015

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