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Thursday, July 08, 2010

Germany drafts 9 bln euro defence savings plan

Baden-Wurttemberg (F125) class frigateGerman defence ministry experts have drawn up a list of potential savings in weapons and equipment worth more than 9.3 billion euros in the long-term.

The defence ministry said the savings proposals, details of which emerged in German media on Wednesday, were merely the basis for ongoing discussions and not final.

Defence Minister Karl-Theodor zu Guttenberg has been unusually vocal with his calls for budget consolidation in Germay, saying the military budgets would not be immune to cuts even though some of his predecessors had resisted cutbacks.

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