Greece sues for 7 billion euros over German submarines that have never sailed

The Telegraph (U.K.) ^ | 6-12-2014 | Holly Watt

[Renfield]

Greece has launched a multi-billion euro claim against one of Germany’s biggest defence firms who sold the financially-beleaguered country four submarines in a complicated deal which has become symbolic of the country’s economic woes.

The controversial deal has threatened Greece’s position in Nato, according to well-placed sources, led to the criminal prosecution of the country’s 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 Greece’s international position was compromised by the failure to supply the submarines and its position in Nato was undermined....

[CrazyIvan]

Das Booty?

[PAR35]

Trying to make them in Greece is the obvious problem.

[Chode]

and Greece needs four submarines... BECAUSE???

[gr8eman]

Wow...so Germany sent their future generation’s retirement funds to greece, and all they got was complaints. Go figure!

[Jack Hammer]

Welsh on your business commitments and no one will deal with you ever again.

Greece is only scr*wing itself.

[familyop]

"The ICC appeal is likely to be part of Greece’s 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.]

[Grzegorz 246]

Gerries have been producing excellent submarines, If anything, Greek shipyard is most likely the problem.