Greece bought over 1 bln euros of arms from EU countries in 2010, report says

Independent online news site EU Observer on Wednesday reported that Greece had purchased over 1 billion euros’ worth of arms from countries within the European Union at the same time as negotiating its first bailout back in 2010.

Citing figures from recently released European Council data on arms licences granted by member states, the EU Observer’s Andrew Rettman reported that France was by the biggest seller, with a 794-million-euro aircraft deal and sales worth 58 million euros in missiles and 19 million euros in electronics used for aircraft countermeasures and target acquisition.

Greece also spent almost 90 million euros on electronics and ground vehicles purchased from the Netherlands and Germany, as well as 52 million euros’ worth of rifles and aircraft parts purchased from Italy.

Spain sold Greece 33 million euros of military-grade chemicals, according to the report.

The report has caused some furor over whether these purchases by cash-strapped Greece at a time when it was negotiating its first 109-billion-euro rescue package with its EU partners were in any way attached to the approval of the bailout deal.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.