Monday, January 9, 2012

Is Greece preparing for internal civil war or some other military incursion?

Zeit Online issued an interesting report on Greece, and how they have spent much of the bailout money they received from the IMF, ECB, and other EU sources.  It appears that the Mediterranean country has been buying military armaments including helicopters, frigates, and german subs.

In a story on Zeit Online, the details of the multi-billion Euro new arms contracts are exposed as the European reach-around would be complete with IMF (US) and Europe-provided Greek bailout cash doing a full-circle into American Apache helicopters, French frigates, and German U-Boats. As the unnamed source in the article notes: "If Greece gets paid in March the next tranche of funding (€ 80 billion is expected), there is a real opportunity to conclude new arms contracts." With the country's doctors only treating emergencies, bus drivers on strike, and a dire lack of school textbooks and the country teetering on the brink of Drachmatization, perhaps our previous concerns over military coups was not so far-fetched as after the Portuguese (another obviously stressed nation), the Greeks are the largest buyers of German war weapons. – Zerohedge

Whether the threat of an internal coup, or the ramping up of conflict with Turkey over Cypress is real, the real truth is that governments are obliged to themselves, not to the needs of their citizens, and is in many ways similar to the US in their continuous need to fund the military, even as people lose their homes and remain unemployed.


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