Greece to Privatize Military Assets in €25 Billion Defense Overhaul

Greece’s Defense Ministry plans to privatize over 2,000 military-owned properties as part of a sweeping €25 billion modernization effort. Prime Minister Kyriakos Mitsotakis called the initiative the most extensive defense upgrade in Greece’s modern history. The program includes the development of “Achilles’s Shield,” an integrated air and missile defense system. It follows earlier moves to sell off outdated military hardware like F-16s and Mirage 2000s, now replaced by Eurofighters. The privatization aims to ease the financial burden and diversify funding for national defense.

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