So which country specifically? Greece? Romania? Bulgaria?
Obviously only Germany, UK and France have considerable army and they are limiting military spending.
The remaining what you say, I don't care, obviously you are here to get attention and you got it.
France,Italy,Spain,Germany ,UK,even Sweden has advanced missile,fighter jets programs,not to mention "kick ***" new stealth submarines (coming soon) and corvettes.Even smaller states have decent militaries or do you expect countries with 5-10 million people to have 500k man armies ?
Bankrupt Greece has a credible deterent against agression.While i think it can be overpowered by Turkey on a 1 vs 1 basis it's all about deterent (one of the reasons why Turkey didn't come guns blazing in Syria) ,the fact that it can cause much damage with its military assets,especially if the greeks would fight a defensive war.
In your post you were talking about Europe like there would be no developments in the future while this is not true.Heck,even small countries like mine (since you've brought it up) are improoving their capabilities with aquisition of new fighter jets (12 F16 MLU upgrade paid for,24-36 more scheduled by 2016) ,improoved rocket artilery (160mm-300mm with 60-150 km range ),new home made IFV's,missile systems for the navy,etc. Serbia has had some nice developments to lately.Sure,can these EE countries match Turkey ? Ofcourse not.Can the Western ones ? Yes.And they keep developing new weapon systems,nobody is standing still,contrary of what you said.
Again,maybe you forgot your own post...You've said
non-existent military development in Europe.
Btw,Turkey might be involeved in the new military developments in my country.It is rumoured that new F16'S from 2015-2016 might get the MLU upgrade in Turkey,that's why our currently brain dead president visited turkish facilities.