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Wednesday, February 01, 2012

Greece needs to stop its military spending or there will be no country there to defend

Eurofighter TyphoonGreece is bankrupt but their military is shopping for arms. In 2010 Greece spent a greater share of its income on arms than any other Nato country except the US.

In the meantime, Greece is seeking a deal with private lenders and the EU "by the end of the week" its prime minister said today, as Athens races to avoid a financial meltdown ahead of debt repayments due in March. Although arms dealers expect it still to be business as usual.

Greece’s top military brass plan to buy up to 60 Eurofighter aircraft, costing €4bn and a number of French frigates and German subs.

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1 comment:

  1. Jessie1/2/12 17:33

    The US if following Greece in their spending habits. If that is not stopped the US will also have to cut out its military for there will be no money to support the military's budget and the Entitlements that we have now. When it comes to that time the entitlements will win.

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