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

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  • Michail Ploumis

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.

Suggested Citation

  • Michail Ploumis, 2018. "A New Way Forward: Rebalancing the U.S. Security Cooperation with Greece in a Fast Changing Geostrategic Environment," Applied Finance and Accounting, Redfame publishing, vol. 4(1), pages 95-111, February.
    • Handle: RePEc:rfa:afajnl:v:4:y:2018:i:1:p:95-111
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    References listed on IDEAS

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    More about this item

    Keywords

    U.S. security assistance; U.S. security cooperation; Greece; FMFP; FMS; EDA; IMET; SPP; Hellenic Defense Industrial Base;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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