More expensive and, above all, permanent may prove to be the EU and Greece, the “account” of “Peace” (if anything else in their leg defense spending) to Ukraine compared to that of the war hitherto.
The further unfolding of the young man (as he may be larger than what the EU and NATO have specified) may have a “account” of defensive expenditure in a possible “peace” will probably begin in the next few weeks if, of course, in the US. Germany, France, Britain, Italy and Finland and of course, the planned US -Russia -Ukraine summit…
The key to the new “account” of the expected “Peace” is located in a phrase of the joint statement by EU, France, Germany, Britain, etc. On August 16, 2025, the next day of the Trump -Putin meeting in Alaska.
It characteristically states that “no restrictions on Ukraine’s armed forces or its cooperation with third countries should be set.”
Of course, the European leaders’ proposal for “unlimited” development of the Ukrainian Armed Forces cannot -as analysts on newsit.gr -rather than equivalent to “unlimited” financial support not only by the EU and Britain, but also the US.
It is the first time that European leaders have spoken – indirectly – of “unlimited” financial support of Ukraine and, in particular, their armed forces.
It should be noted that the EU re -equipment program (Rearm EU 2030 – SAFE) for the period 2025 – 2028 includes Ukraine’s military reinforcement costs, but is also foreseen both in the overall increase in defense spending through the activation of the escape clause (1.5% per year) …
It is recalled that so far only Germany -through the overflow of the constitutional debt brake (March 19, 2025) -has decided unlimited increase in defense spending on both the security of both their own and Ukraine.
In their joint statement, European leaders on August 16, 2025 on the “unlimited” reinforcement of the Ukrainian Armed Forces open, according to the same sources, raise the bar in total of European defense spending beyond the level set by the EU EU. Ukraine against Russia.
The apparent further increase in the “account” with the … code “Ukraine” is impossible not to affect the Greek state budget, starting with that of 2026, something that the Commission has warned about referring to Need ‘Lasting’ Measures (Increasing Taxes and Reduction of Expenditure) To achieve the 5% goal of defense spending by 2035, in accordance with the decisions of the last NATO session (June 2025), so as not to increase public debt further (for the sake of increasing defense spending).
These warnings can be characterized specifically after the rally of the state -owned bond yields of European countries, along with Greece (or otherwise borrowing costs) last week as the Trump -Putin meeting on August 15th.
If this rally continues, future pressures – and – in the Greek state budget will increase in relation to the margins of new permanent relief, such as those announced by the step of the coming TIF.
And not only that, but whatever the new permanent reinforcement measures, these should be seen – and – in the light of the overall course of the Greek economy, which is now released by the combination of a double, permanent loop: Of increasing defense spending and water scarcity.