In the wake of the private sector debt swap agreed last week, European leaders have continued to call for major structural reforms to Greece's economy and society. The current EU-IMF bailout remains conditional on further austerity measures, including reducing pensions, the minimum-wage and civil service jobs. However, one area of the Greek budget doesn't seem to have received much scrutiny: its huge military spending. The fact that Greece, a relatively small and democratic country with not much in the way of global ambitions, should spend as much on its military as it does is perplexing. In 2006, as the financial ... (full story)