Thursday, April 19, 2012

Greece burns, but not its German arms contracts

Definitely it does sound hypocritical for the Germans to be demanding such social austerity in Greece, while at the same time maintaining massive arms contracts.  While of course Greece was profligate and would need help anyway, it needs to be highlighted when countries like German and France are imposing tough conditions, to lend money which will be used to pay bills owed to them! Furthermore it is a valid question as to whether inner core countries have been able to reduce military spending partially due to relying on (poorer) peripheral countries who have to maintain the border. Of course there is some sharing of resources in the EU, but psychologically there is more drive if one is on the perimeter. And of course military spending is often accompanied by corruption, so will always appeal to the government/elite who can profit from it, and in border countries the psychology may again enable them to convince the public to pay for it (and worth noting even some German companies have been fined/settled out of court with regards to corrupt deals with Greece).

http://www.guardian.co.uk/world/2012/apr/19/greece-military-spending-debt-crisis?INTCMP=SRCH

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