And the financial disaster that is Greece becomes, unbelievably, even worse.
Apparently, Greece agreed to purchase 4 conventional submarines from ThyssenKrupp, a major German U-Boat and ship manufacturer. There was a bit of a row when the first boat, Papanikolaou, had some serious issues with listing during her sea trials. She is a U-214 class boat.
Greece tried to halt the purchases of these boats after the problems with the first one. However, the differences were resolved, and the contracts have gone through. Now, despite it’s serious financial issues, Greece wants to purchase two more of this class.
That the differences were ironed out by the payment of more than 80 million Euros to the Greek Government in the form of bribes has raised a LOT of interest. Philip Atticus, on his excellent blog, reports on the alleged bribes. Mr Atticus reports that:
The Greek government has until recently refused to take delivery of the four submarines, since the first one, the Papanikolaou, listed heavily during sea trials. The incoming Prime Minister, George Papandreou, recently reversed this decision, and has agreed not only to pay the EUR 1.8 bln for the previous four submarines, but even to order two more submarines from ThyssenKrupp at a cost of a further EUR 1 bln.
In a further bizarre twist, the Skaramangas shipyards were recently sold by ThyssenKrupp to Abu Dhabi Mar. Kerin Hope of the Financial Times reports, incredibly enough, that
I’m extremely reassured to know that the Prime Minister can call upon his brother’s services so freely, circumventing the entire Ministries of Defence, Finance and Economics, or even the Ministry of Foreign Affairs, for urgent situations of this type.
So now we have a near-bankrupt Greece demanding a kickback before spending money it doesn’t have to buy listing German U-boats from a company that was recently sold to an Arab international corporation. Lovely.
Sounds to me like someone ought to do a serious title search on those Islands the Greeks have up for sale before you plunk down any money for them.