Skip to comments.Greece sues for 7 billion euros over German submarines that have never sailed
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 ...
Trying to make them in Greece is the obvious problem.
Wow...so Germany sent their future generation’s retirement funds to greece, and all they got was complaints. Go figure!
Welsh on your business commitments and no one will deal with you ever again.
Greece is only scr*wing itself.
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