From John Ward: GREECE: Why would it be missed by the Eurozone?
Question: If Greece had spent the EU average on defence over the past 10 years (1.7% of GDP rather than spending 4% of GDP on defence, how much money would it have saved?
Answer: 52% of GDP, or 150billion euros (…)
Question: In the period 2006-2010 which country was Germany’s largest market for munitions?
Answer: Greece, which accounted for 15% of total German arms sales.
Question: In the same period, what country was France’s largest arms export market in Europe (third
Answer: Greece. (…)
On March 23rd this year, Greece signed up to a second, €130 billion loan paid mainly by other eurozone countries to reduce the country’s debt and recapitalise its banks, along with a major debt restructuring agreed with private lenders. Had it not bought all those arms from France and Germany, of course, Greece wouldn’t have a problem at all.
Conclusion: The other 25 eurozone States are all paying for the Franco-German arms industry.
Money well-spent, you’ll all agree.