According to Spiegel, an armoury deal between France and Greece could have a severe impact on the German arms industry. The article claims that the French government will deliver two to four new frigates to the Hellenic Navy.
Because of Greece’s recession-hit economy, the French government has offered to leave the frigates for five years free of charge. By the end of that period, the Greek government will have to pay for the frigates at a discount of €100 million or otherwise the stealth ships will be acquired by the French Navy.
All sides are now awaiting the next EU Summit in order for the Troika to provide clarifications on the matter.
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