Greece Defence and Security Report Q4 2011

  • ID: 1944751
  • October 2011
  • Region: Greece
  • 88 Pages
  • Business Monitor International
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The Greek government has announced another round of spending cuts, with the axe falling heavily on defence spending once again. On top of the EUR1.2bn-worth of cuts which had already been announced earlier in 2011 during a previous crisis over Greek solvency, the latest crisis in August and September 2011 has seen the Greek government promise an extra EUR500mn in cuts. This second emergency austerity package will see the closure of a number of army, air force and naval bases across the country. Additionally, one army corps, five divisions, a number of regiments and some 80 miscellaneous units will be disbanded. The number of basic training centres operated by the Greek military will also be cut from the current 35 locations to 12, saving EUR34mn. However, analysts and markets are increasingly sceptical that anything can be done to avoid a Greek default, making it likely that further cuts – either as part of increasingly desperate austerity measures or due to default – will be inflicted on Greek defence spending over the latter part of 2011 and into 2012.

As a result, the Greek defence minister, Panos Beglitis, has warned that defence companies in the country will READ MORE >

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Executive Summary
SWOT Analysis
Greece Defence Industry SWOT
Greece Political SWOT
Greece Economic SWOT
Greece Business Environment SWOT
Global Political Outlook
Global Hotspots: Libya, Iran, Afghanistan, Korea, Greece
Table: Election Timetable
United States
Latin America
Western Europe
Russia And The Former Soviet Union
Middle East And North Africa
Wild Cards To Watch
Europe Security Overview
The Strategic Outlook For The 2010s
Europe’s Key Security Issues Over The Coming Decade
NATO Relevancy Questioned, But Viable Alternatives Lacking
Political And Geopolitical Consequences Of The Sovereign Debt Crises
Table: Eurozone Convergence Indicators
Security Risk Ratings
Table: Europe Security Risk Ratings (scores out of 100, with 100 the best)
Table: Europe State Terrorism Vulnerability To Terrorism Index
City Terrorism Rating
Table: BMI’s Western Europe City Terrorism Index
Political Overview
Long-Term Political Outlook
Security Overview
Internal Security Situation
Table: Insurgent Groups In Greece
Domestic Terrorism
Organised Crime
Timeline: Internal Threats
External Security Situation
International Terrorism
Timeline: External Threats
Armed Forces And Government Spending
Armed Forces
Defence Reforms
International Deployments
Table: Foreign Deployments
Coordination And Joint Operations
Market Overview
Latest Developments
Arms Trade Overview
Industry Trends And Developments
Table: Key Players In The Greek Defence Industry
Defence Industry Timeline
Industry Forecast Scenario
Armed Forces
Table: Greece’s Armed Forces, 2000-2008 (‘000 personnel, unless otherwise stated)
Table: Greece’s Manpower Available For Military Service, 2008-2015 (aged 16-49, unless otherwise stated)
Government Defence Expenditure
Table: Defence Expenditure, 2008-2015
Table: Greece’s Government Defence Expenditure Scenario – Changing % Of GDP, 2008-2015 (US$mn)
Defence Trade
Table: Greece’s Defence Exports, 2008-2015 (US$mn)
Table: Greece’s Defence Imports, 2008-2015 (US$mn)
Table: Greece’s Defence Trade Balance, 2008-2015 (US$mn)
Macroeconomic Outlook
Table: Greece – Economic Activity, 2007-2015
Company Profiles
Hellenic Defence Systems
Intracom Defense Electronics
BMI Methodology
How We Generate Our Industry Forecasts
Defence Industry
City Terrorism Rating
Table: City Terrorism Rating Methodology

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- Hellenic Defence Systems
- Intracom Defense Electronics

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