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Thursday, January 12, 2012

Greece still splashes out billions on defence

Eurofighter TyphoonFrigates, tanks and submarines: Greece may be teetering on the brink, but the bite of austerity hasn’t come near its military. And Germany is profiting from it. Excerpts.

The man who goes in and out of Greece's Defence Ministry has the ministry’s wish list in his head: up to 60 fighter aircraft of the Eurofighter class, for perhaps €3.9 billion. French frigates for over €4 billion, patrol boats for €400 million.

Such is the price of the much-needed modernisation of the existing Greek navy. But we still have to include some ammunition for the Leopard tanks, and besides that, two American Apache helicopters need replacing. Oh, and they would like to buy some German U-boats, for €2 billion.

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