A New Way Forward: Rebalancing the U.S. Security Cooperation with Greece in a Fast Changing Geostrategic Environment

Michail Ploumis

Applied Finance and Accounting, 2018, vol. 4, issue 1, 95-111

Abstract: The Hellenic National Defense Forces (HNDF) modernization is at a crossroads because of the current and persistent Greek economic and fiscal crisis. After WW II until today, Greece benefitted from the U.S. security assistance and cooperation programs. Meanwhile, the Balkans and the Eastern Mediterranean regions geostrategic environment is changing fast to an unpredictable future. That said, Greece, and the U.S.A. under rebalanced approaches, should consider the U.S. security assistance and defense cooperation programs to meet HNDF modernization requirements and current security challenges for both countries in the region. A new framework of cooperation would serve common national security interest of both Greece and the United States in the Balkans and the Eastern Mediterranean regions.

Keywords: U.S. security assistance; U.S. security cooperation; Greece; FMFP; FMS; EDA; IMET; SPP; Hellenic Defense Industrial Base (search for similar items in EconPapers)
Date: 2018
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