Jul 10, 2010

That Sinking Feeling...

"Greece, with a population of just 11 million, is the largest importer of conventional weapons in Europe—and ranks fifth in the world behind China, India, the United Arab Emirates and South Korea. Its military spending is the highest in the European Union as a percentage of gross domestic product. That spending was one of the factors behind Greece's stratospheric national debt."

Why did Greece buy so much weaponry? -

"Greece's deputy prime minister, Theodore Pangalos, said during an Athens visit in May by Turkish Prime Minister Recep Tayyip Erdogan that he felt "forced to buy weapons we do not need," and that the deals made him feel "national shame."
"Other European officials have charged France and Germany with making their military dealings with Greece a condition of their participation in the country's huge financial rescue. French and German officials deny the accusations.

An entertaining article- would be unbelievable as fiction- may be an African State, or a South American junta, but not in Europe, one would think.

Read more- The Submarine Deals That Helped Sink Greece - WSJ.com: