Tuesday, March 29, 2011

DTN News - DEFENSE NEWS: Probe into German-Greek Arms Deals Reveals Murky Side Of Defense Sales....NSI News Source Info # 1753

DTN News - DEFENSE NEWS: Probe into German-Greek Arms Deals Reveals Murky Side Of Defense Sales....NSI News Source Info # 1753
(NSI News Source Info)

ATHENS, Greece,

-
March 29, 2011:
Despite being heavily in debt, Greece keeps spending on arms. A probe into its accounts has led to an investigation into submarine deals with Germany and alleged corruption in the grey areas of the EU's defense sector.

Greek financial investigators have ascertained that more than $140 million in bribes were paid by a German submarine maker to local politicians and officials to facilitate a lucrative defense contract.


The deal focused on the purchase of four submarines, a $1.5 billion controversial contract that had drawn heated political debate.

Sources told the Greek Kathimerini newspaper that "numerous bribes were paid before the contract was signed," alleging that some of the ways in which the final bill was inflated involved requests by the Greek navy and Defense Ministry for extra equipment on the submarines.

The first submarine, named Papanikolis, was commissioned for development by Howaldtswerke-Deutsche Werft in Kiel, Germany, with the remaining three scheduled for construction at Greece's Hellenic Shipyards, west of Athens.

Shortly after the Papanikolis was built in 2001 and launched three years later, Greek navy experts determined a host of technical problems with the T-214 diesel-electric submarine. The most severe: excessive rolling in bad weather conditions when the submarine surfaced for sea keeping in high seas.

http://defense-technologynews.blogspot.com/2011/03/dtn-news-defense-news-probe-into-german.html

No comments:

Post a Comment