Greece: Black Economy 25% of GDP (and other news, including Defence Spending)

Kathimerini article

Update

Unrelated topical items on Greece:

Drilling Rights

Oligarchy (New York Times)

Defence spending (EUobserver):


Greece near top on defence spending
BY EUOBSERVER

Despite the economic crisis, Greece is the second-biggest defence spender among the 27 Nato countries after the United States, and spends over 2% of GDP on defence, according to statistics from the Alliance, reports the New York Times. More than 73% of the Greek defence budget is for personnel costs.

New York Times article

SIPRI Yearbook 2012: Military Expenditure in Greece

In US dollars: 7,502,000,000
% of GDP: 2.3%
Per capita: $1,230