International Relations – Schilde
Options: Volunteer, UROP
What is the relationship between the causes and consequences of the European financial crisis and armaments trade within Europe? As the country at the center of the EU financial crisis, Greece has historically been one of the top global armaments importers. In the last decade, Greece’s arms have been imported primarily from Germany. From 1995-2011, Greece was the second largest recipient of German arms overall. After the financial crisis began in 2008, the IMF/ECB rescue packages imposed public sector spending cuts across the board starting in 2010 (defense reduction of €500m in 2011). Although these budgetary cuts were initiated, the value of arms imports from Germany to Greece expanded tenfold from 2009 to 2010. In 2012, Greece doubled its NATO contributions and increased defense expenditures by 18.2%.
This research project involves two components:
1) translation of defense contracts from Greek to English
2) statistics/mathematical analysis