Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
EUobserver / EU commission called upon to go after corrupt defence deals

EUOBSERVER / BRUSSELS - MEPs and defence experts are calling on the EU commission to go after market-distorting, corrupt side-deals to big weapon deals between member states, such as the ones greasing Germany's submarine sales to Portugal and Greece.

As EU officials are packing their holiday suitcases in Brussels, prosecutors in Germany, Portugal and Greece are on to a hot summer, tracing the complex trails of bribes and side-contracts to the German submarines each of the southern countries signed up for at a price of over €1billion.

The EU hypocrisy of allowing Greek and Portuguese governments allocate huge parts of their budget for questionable defence purchases, while they are being pressed for austerity measures to cap their deficit, already made headlines such as

"The submarine deals that helped sink Greece" in the Wall Street Journal earlier this month.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jul 26th, 2010 at 10:02:44 AM EST
[ Parent ]

Display:

Occasional Series