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Follow on Google News | New Market Research Report: Greece Defence & Security Report Q3 2010Recently published research from Business Monitor International, "Greece Defence & Security Report Q3 2010", is now available at Fast Market Research
In May 2010, three people were killed in a firebomb attack as post-May Day strikes and protests took a bloody turn, the Times newspaper reported. Greece has a history of protests, which often involve semiorchestrated battles between anarchists and the police. In June, more strikes were held, including one which shut down the port at Piraeus, Athens's main outlet to the sea, as reported by AP. However, no violence was reported and the situation appeared considerably calmer by late June, perhaps as a fullblown crisis seemed to have been averted. In the past decade, Greece has spent EUR50bn on its military, and the armed forces budget rose every year since 2003. According to press reports, a major factor behind the substantial and rising outlay was a perception of threat from Greece's neighbour Turkey. However, in the same period, Greco-Turkish relations have actually improved to the extent that the two countries are arguably closer than at any stage since the foundation of the Turkish Republic in the 1920s. The risk of a full-scale armed conflict between Greece and Turkey in the foreseeable future is negligible, though spikes in tension are possible. Territorial disagreements between Greece and Turkey are increasingly seen as symbolic, and very much secondary to the countries' mutual economic interests. In summary, if the expansion of the Greek military's budget in recent years really has been directed at Turkey, it is something of a white elephant. However, one should also consider other factors, not least Greece's international military commitments through NATO and the UN. Furthermore, given its strategic position on the Mediterranean, Adriatic and Aegean Seas - with scope to control the exit from the Black Sea, a good case could be made for bringing the Greek armed forces up to date, and ensuring that they are well equipped. Nonetheless, after a period of heavy investment, and with improved relations with Turkey in mind, economic prerogatives are likely to see spending cut significantly. A May 2010 report by Bloomberg suggested that the rapprochement between the two countries would give Greece the opportunity to cut back on military spending, starting with a EUR500m reduction in 2010, as the government looks to tackle the fiscal deficit. However, convincing an already restive electorate, in which the far right has a growing influence, that Turkey is no longer a threat, will be another challenge for the government. Overall, we expect expenditure of US$10.7bn in 2010, rising to just US$11.14bn in 2014, although as more details of forced government austerities come to light, we may revise this forecasts further downwards. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Greek Defence Industry SWOT - Greece Political SWOT - Greece Economic SWOT - Greece Business Environment SWOT Global Political Outlook - United States: Major Tests For Obama In 2010 - Table: Election Timetable, 2010 - Western Europe: Fiscal Austerity Will Be Unpopular - Central And Eastern Europe: New Governments, Old Problems - Middle East: Ongoing Challenges - Africa: The Election Conundrum - Asia: Broadly Stable, But 'Rogues' Need Vigilance - Latin America: Political Risks Contained, But Watch Cartels - Wild Cards To Watch Central And Eastern Europe Overview Security Risk Analysis - Security Risk Ratings - Table: Europe Security Risk Ratings - Table: Europe State Terrorism Vulnerability To Terrorism Index - Greece's Security Risk Rating - City Terrorism Rating - Table: BMI's Western Europe City Terrorism Index Political Overview Security Overview - Internal Security Situation - Table: Insurgent Groups In Greece - Domestic Terrorism - Corruption - Organised Crime - Timeline: Internal Threats - External Security Situation - International Terrorism - Timeline: External Threats Armed Forces And Government Spending - Armed Forces - Table: Regional Armed Forces, 2007 ('000, including conscripted) - 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, 2007-2014 ('000 personnel) - Government Defence Expenditure - Table: Government Expenditure On Defence Industry, 2007-2014 - Macroeconomic Outlook - Table: Greece - Economic Activity, 2006-2014 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 - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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