Sunday, February 5, 2012

Does Greece know something we don’t?

Does the Greek government know something the rest of us have yet to wake up to? How absurd that whilst people starve, billions of euros are spent on a military build-up.

In Athens the hospital doctors deal with emergencies only. Public transport workers strike, school text books are rationed; tens of thousands of anti-austerity protesters flood the streets.

The Greek Defence Ministry has just placed an order for 60 Eurofighter Class aircraft. The bottom line on the invoice is an estimated €3.9 billion, according to German weekly Die Zeit. Although the amount could be much higher, according to a report in defencegreece.com

It gets worse. €4.5 billion is reportedly being spent on French frigates and patrol boats; a further €2 billion on German-built U-boats, the Die Zeit also said. Then there are U.S. Apache helicopters and German Leopard tanks on the shopping list.

The Greek government is borrowing money at eye-watering rates of interest to subsidise the German, French and American arms industries.

On the Greek prime minister’s table an ultimatum and bribe. An €80 billion loan at eye-watering high interest rates is available. Ahem! It is a real opportunity to sign some new arms contracts.

In 2010 the Greek Ministry of Defence spent 3% of economic output on arms. To put that into perspective, among 28 NATO alliance members, only the United States spends more on arms. The figure for 2011 was similar.

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