(Video by White House from President's Obama November 2016 visit to Greece) https://www.youtube.com/watch?v=DkCQLEKnxTg
(President Obama speech starts at 17:20)
President Obama [21:25]: "I want to take this opportunity to commend Greece for being one of the five NATO allies that spends 2 percent of GDP on defence – a goal that we have consistently set, but not everybody has met. Greece has done this even during difficult economic times. If Greece can meet this NATO commitment, all our allies should be able to do so."
Why does Greece have to spend on defence ?
"Data recorded by the Greek military has shown that Turkish aircraft violated its claimed airspace 2,244 times in 2014. By October of this year (2015), Turkish aircraft had made 1,443 intrusions with the financially-weakened Greek military stuggling to respond."
Note how much it costs to have a jet take off to deter a Turkish aircraft.
President Obama thanks Greece for collaboration with US military.
"We thank our Greek allies for our close cooperation at Souda Bay."
Note that U.S. Naval Support Activity (NSA) Souda Bay, Crete is located at the Hellenic Air Force Souda Air Base http://www.cnic.navy.mil/regions/cnreurafswa/installations/nsa_souda_bay/about/history.html
Here is one of their recent facebook posts.
Souda Bay is a wonderful place for holidays ! I have been spending many summers as a kid at the village of one of my parents.
Annual important commercial exhibition for Southeastern Europe held in Thessaloniki Greece
The Greek-flag fleet ranks seventh internationally and first in the EU.
A long maritime tradition
Entrepreneurial spirit and maritime expertise
The Greek-owned fleet accounts for 16.25 % of the world fleet and 46.7 % of the EU fleet in terms of dwt capacity (cargo-carrying ship capacity).
Detailed information at this link:
The 'blue' economy in the EU provides jobs for 5.4 million people and contributes around €500 billion to the EU economy. By 2020, these should increase to 7 million and nearly €600 billion respectively. Greece and Italy's EU presidencies have declared 2014 ‘Year of the Mediterranean’. Blue Growth Focus Areas include energy, aquaculture, coastal & cruise tourism, marine mineral resources and biotechnology.
Greek shipping helps EU trade go round. 90% of international trade is sea fared, and the Greek merchant fleet -the world’s largest in terms of total tonnage- constitutes 40% of the European shipping sector and 15% of global shipping. Shipping is the second largest contributor to the domestic economy. Together with tourism, they account for almost 1/4 of total economic output.
Greece produces around 150,000 tons of fish and seafood every year, most of which is caught in the Aegean Sea. Fish is the second largest food export after olive oil, with 85% of total production exported.
Commercial aquaculture is equally dynamic, ranking first among EU and Mediterranean countries. Sardines, anchovies, sea bream, sea bass and Mediterranean mussels are trademark products of Greek waters.
Enjoy a taste of the Aegean anywhere in Europe. Almost half of the sea breams and sea basses consumed in the EU come straight from the Greek sea.