Greece has second highest rate of defense spending in NATO

Greece has the second highest spending in NATO on defense, after the US, according to figures issued Monday by the alliance.

The country is one of just five countries whose annual spending on defense exceeds 2 percent of gross domestic product.

The country with the highest spending as a proportion of GDP is the US, with 3.61 percent, followed by Greece with 2.38 percent which translates is 4,155 million euros.

Next comes the UK with 2.21 percent, Estonia with 2.16 percent and Poland with 2 percent.