Executive Summary .................... 5
SWOT Analysis .............. ...... 6
Greece Defence Industry SWOT ................... 6
Greece Political SWOT .................. ....... 6
Greece Economic SWOT .................. ..... 7
Greece Business Environment SWOT ................ ..... 7
Global Political Outlook .............. 8
Landmark Political Events Looming In 2012 .................. 8
Global Flashpoints: Eurozone, Syria, Iran, Afghanistan, Korean Peninsula .......... ....... 9
Table: Election Timetable, 2012 ................ ... 13
United States .................. ... 18
Russia .................... ... 19
China ...................... 20
Wild Cards To Watch .................. ........ 21
Europe Security Overview ............ ....... 24
Europes Key Security Issues Over The Coming Decade ................ 24
The Role Of NATO ............31
Security Risk Analysis .............. 34
BMIs Security Ratings .................. ..... 34
Table: Europe Security Risk Ratings ................ .... 34
Table: Europe State Terrorism Vulnerability To Terrorism Index .......... ... 36
City Terrorism Rating .................. ....... 37
Table: BMIs Western Europe City Terrorism Index ............38
Political Overview ............39
Security Overview ............41
Internal Security Situation .................. ..... 41
Table: Insurgent Groups In Greece ................ ...... 41
Domestic Terrorism .................. .. 42
Corruption .................... .... 44
Organised Crime ...................... 44
Timeline: Internal Threats ................44
External Security Situation .................. .... 47
International Terrorism .................. .... 49
Timeline: External Threats ................50
Armed Forces And Government Spending ........53
Armed Forces ..................53
Defence Reforms ....................... 53
International Deployments ................57
Table: Foreign Deployments ...................... 57
Coordination And Joint Operations ................ ...... 59
Market Overview ..............60
Latest Developments .................. .. 60
Greece Defence & Security Report Q1 2012
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Arms Trade Overview .................. ....... 61
Industry Trends And Developments ................ ...... 62
Table: Key Players In The Greek Defence Industry ..............62
Defence Industry Timeline ................64
Industry Forecast Scenario ............ ..... 67
Armed Forces ..................67
Table: Greeces Armed Forces, 2001-2008 (000 personnel, unless otherwise stated) ........ .. 67
Table: Greeces Manpower Available For Military Service, 2009-2016 (aged 16-49, unless otherwise stated) ...... 68
Government Defence Expenditure ................ ........ 68
Table: Defence Expenditure, 2009-2016 ..............69
Table: Greeces Government Defence Expenditure Scenarios – Changing % Of GDP, 2009-2016 (US$mn) ......... 69
Defence Trade ..................71
Table: Greeces Defence Exports, 2009-2016 (US$mn) ................. 71
Table: Greeces Defence Imports, 2008-2015 (US$mn) ................. 71
Table: Greeces Defence Trade Balance, 2008-2015 (US$mn) ............ ..... 71
Macroeconomic Outlook .................. ... 72
Macroeconomic Outlook .................. ... 72
Table: Greece – Economic Activity, 2011-2016 .............. ........ 74
Company Profiles ............75
Hellenic Defence Systems ................ ... 75
Intracom Defense Electronics ..................... 77
BMI Methodology ............79
How We Generate Our Industry Forecasts ................... 79
Defence Industry ....................... 79
City Terrorism Rating .................. ....... 80
Table: City Terrorism Rating Methodology .................. 82
Sources .................... .. 83