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Greece sues for 7 billion euros over German submarines that have never sailed
The Telegraph (U.K.) ^
| Holly Watt
Posted on 06/18/2014 4:41:47 PM PDT by Renfield
Greece has launched a multi-billion euro claim against one of Germanys biggest defence firms who sold the financially-beleaguered country four submarines in a complicated deal which has become symbolic of the countrys economic woes.
The controversial deal has threatened Greeces position in Nato, according to well-placed sources, led to the criminal prosecution of the countrys defence minister and the resignation of a senior Naval figure.
The Telegraph today publishes photographs of the four submarines, which are still unfinished in a Greek shipyard almost 15 years after they were first ordered.
It can now be disclosed that the Greek Government has launched a seven-billion euro compensation claim against ThyssenKrupp Marine Systems and Abu Dhabi Mar the defence firm and shipyard now responsible for the order.
A 200-page document sent to the ICC International Court of Arbitration states that Greeces international position was compromised by the failure to supply the submarines and its position in Nato was undermined....
(Excerpt) Read more at telegraph.co.uk ...
TOPICS: Foreign Affairs; Germany
KEYWORDS: eu; germany; greece
posted on 06/18/2014 4:41:47 PM PDT
posted on 06/18/2014 4:49:02 PM PDT
(I lost my phased plasma rifle in a tragic hovercraft accident.)
Trying to make them in Greece is the obvious problem.
posted on 06/18/2014 5:29:38 PM PDT
and Greece needs four submarines... BECAUSE???
posted on 06/18/2014 5:29:59 PM PDT
(Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
Wow...so Germany sent their future generation’s retirement funds to greece, and all they got was complaints. Go figure!
posted on 06/18/2014 5:41:44 PM PDT
(A good rant should have the word "crap" in it at least 4 times!)
Welsh on your business commitments and no one will deal with you ever again.
Greece is only scr*wing itself.
"The ICC appeal is likely to be part of Greeces attempts to shift the blame for its massive overspending onto other European countries...Greece has received international financial bailouts which total 215 billion euros."
A few years ago, Grease had a plan to build an unprecedentedly large solar power plant with power lines all the way to Germany for profit. Quite a plan, eh? Genius!
[A little humor and irony there.]
posted on 06/18/2014 7:58:37 PM PDT
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
Gerries have been producing excellent submarines, If anything, Greek shipyard is most likely the problem.
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