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Troika Wants Greece to Shut Down EAS and ELVO

elvoAccording to sources from Brussels, the troika  strongly believes that Hellenic Defense Systems (EAS) and Hellenic Vehicle Industry (ELVO) must be shut down.
The lenders of Greece believe that it’s not possible to save the two state firms, because they are a thorn on public finances. This brings Greece in opposition to the other European countries where the companies of the defense industry are really profitable.
The same sources also revealed that the troika insists on fiscal measures in 2014, in order to be sure that they will meet their targets. Greece has to meet the primary surplus goal which has already been set. Although they seem not to insist on horizontal measures like cuts to wages and pensions, they now look on savings which have to come from fiscal, rather than structural measures. They want to save 2 billion Euros from the new measures.

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