Greece Defence and Security Report Q4 2012
Business Monitor International, October 2012, Pages: 57
The Greece Defence and Security Report provides industry professionals and strategists, corporate analysts, defence and security associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Greece's defence and security industry.
BMI’s Greece Defence & Security Report for Q412 examines the country's strategic situation, its defence posture and defence procurement activities.
The report discusses Greece's strategic situation, including its fractious relationship with Turkey; its relations with the North Atlantic Treaty Organisation and other European nations; and its global relations and its participation in military operations around the world. In terms of procurement, the report examines Greece's current defence programmes, planned acquisitions and future procurement aspirations in light of the country's economic crisis.
One of BMI’s conclusions from this report concerns Greece's defence budget. While the country has routinely maintained defence spending in excess of NATO's 2% of GDP guideline figure, Athens's ability to maintain such spending levels in the future now seem highly unlikely given Greece's current economic woes. In addition, the report examines the transition of the Greek armed forces from their erstwhile NATO posture which was focused on the protection of the southern European flank towards a lighter,
more deployable configuration. BMI believes that the Hellenic Air Force is one of the most proficient in Europe as a result of its experience in countering Turkish air power in the decades following the latter's invasion of Cyprus. Nevertheless, all three branches of Greece's armed services are falling under the government's austerity measures, with plans afoot to close army, air force and naval bases. Greece's finances are also having an adverse effect on the country's ability to support military operations around the world, and the sustainment of its defence industry which historically has been highly reliant on the domestic market.
BMI has added the following discussions to the Greece Defence & Security Report. These include:
- Clarifications regarding the Greek defence budget for 2012.
- A description of the defence decision making structure in Greece, and the order of battle of the respective Hellenic armed forces.
Greece has experienced no major defence procurement activity, nor any major reorganisation of its defence posture over the last quarter primarily because of the country's acute economic situation. As such,
BMI has made no major changes to this edition of the Greece Defence & Security Report.
Executive Summary 5
SWOT Analysis 6
Greece Defence Industry SWOT 6
Greece Political SWOT 6
Greece Economic SWOT 7
Greece Business Environment SWOT 7
Global Political Outlook 8
No Respite From Political Risks 8
Europe Security Overview 11
The Strategic Outlook For The 2010s 11
Europe In A Global Context 11
Europe's Key Security Issues Over The Coming Decade 11
Security Risk Analysis 18
BMI’s Security Ratings 18
Table: Europe Security Risk Ratings 18
Table: Europe State Terrorism Vulnerability To Terrorism Index 19
Political Overview 21
Domestic Politics 21
Long-Term Political Outlook 23
Security Overview 26
Internal Security Situation 26
Table: Insurgent Groups In Greece 26
Domestic Terrorism 26
Corruption 27
Organised Crime 28
Timeline: Internal Threats 28
External Security Situation 29
International Terrorism 32
Relations With Turkey 32
Timeline: External Threats 33
Armed Forces And Government Spending 34
Defense Decision Making 34
Grand Strategy 34
Order of Battle 34
Defence Modernisation 38
International Deployments and Joint Exercises 40
Table: Foreign Deployments 40
Market Overview 42
Arms Trade Overview 42
Table: Key Players In The Greek Defence Industry 42
Greece Defence & Security Report Q4 2012
© Business Monitor International Ltd
Page 4
Defence Industry Timeline 43
Industry Forecast Scenario 45
Armed Forces 45
Table: Greece's Armed Forces, 2000-2008 ('000 personnel, unless otherwise stated), 2000-2008 45
Table: Greece’s Manpower Available For Military Services (aged 16-49, unless otherwise stated), 2009-2016 45
Government Defence Expenditure 45
Table: Greece’s Defence Expenditure, 2009-2016 46
Table: Greece’s Defence Expenditure Scenario – Changing % Of GDP, 2009-2016 (US$mn) 47
Macroeconomic Outlook 48
Table: Greece – Economic Activity, 2011-2016 51
Company Profiles 52
Hellenic Defence Systems 52
Intracom Defense Electronics 53
BMI Methodology 55
How We Generate Our Industry Forecasts 55
Defence Industry 55
Sources 56
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