The Role of Defence Expenditure in the Greek Crisis

Dimitrios N. Koumparoulis ()
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Dimitrios N. Koumparoulis: Monarch Business School, Switzerland

Annals of the University of Petrosani, Economics, 2011, vol. 11, issue 2, 155-166

Abstract: The recent Greek economic crisis calls for severe spending cuts with defence expenditure reduction being a primary target for both the local authorities and the IMF/ECB/EC. The aim of this paper is to show that the results of such a policy recipe may not be as fruitful as policymakers want the taxpayers to believe for a variety of reasons. On the contary it can be shown that defence expenditure can contribute to the growth of the Greek economy under certain conditions.

Keywords: defence expenditure; debt (search for similar items in EconPapers)
JEL-codes: E65 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:11:y:2011:i:2:p:155-166

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