The outbreak of the sovereign debt crisis at the end of 2009 in Greece led to a severe recession, and constant economic … Greece over the period 1960 until currently. Our empirical findings suggest that high deficits, inflation and military … spending have been the primary causes of debt growth in Greece. The structural break models reveal a much higher effect of …

devel-oped countries, such as late-19th- and early-20th-century Greece, pub-lic spending played an important role in the …

Greece, Turkey and Cyprus. Greece and Cyprus, members-countries of European Union spend much more money than other member … burdens and the bad relations between them (Greece and Cyprus opposite Turkey). The empirical analysis is based on panel data …

This paper evaluates the factors responsible for maintaining substantial military expenditures in Greece and Turkey … reviewed, which consider political, economic and military factors behind high expenditures on the army in Greece and in Turkey … these two countries. We conclude that defense expenditures in Greece and Turkey exceed the NATO average, but are relatively …