Thursday, July 2, 2015

NATO: Alliance Concerned about Greek Crisis

6:55 p.m.

NATO Secretary General Jens Stoltenberg says the military alliance is concerned about the financial turmoil in Greece, which is a member of the 28-nation group.
Stoltenberg called Greece "a staunch ally and a committed ally" on Thursday. He said the Greek government stands by its "commitments in the alliance. This good for Greece and good for NATO."
Speaking at a press conference in Bucharest, the Romanian capital, Stoltenberg said NATO was following European Union efforts "very closely" and that a solution to Greece's economic problems would be good for Greece, the EU and NATO.
One of the issues that divided Greece and its creditors before talks broke off last week was defense spending. The Greek government had offered to cut 200 million euros ($222 million) annually from its defense budget but lenders demanded twice that amount.

7 comments:

  1. Hoping Greece tells the banksters good-bye to eu and nato. I'm sure the Russians and China would like to rent an old nato or two;)

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    1. I would like to see Greece exit and then default, that's how the people got to do it!

      and thanks for stopping by, I see MOA is leaving your comments in moderation for a stretch of time- rarely do I stop by to comment but if I do it always it takes a day for the comment to pass through, but, can't help but notice it's still a troll haven?

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  2. Read somewhere today that half of Greece's debt is due to military spending...mostly buying weaponry from Germany and France. Greece was told to beef up its military spending (by those two countries) due to the "Turkish Threat' which was ridiculous because Turkey is also part of NATO. So....Greece was bamboozled by the same countries that profited by selling military hardware and are now taking it to the cleaners.

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    1. Yup, big military spending has indebted that tiny nation- odious, walk away

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  3. Exactly, Greencrow!
    Reportedly, Greece for many years spent around 7% of its GDP on 'defence' against a fellow NATO country. It is still spending over 2% while the rest of Europe spends little over 1%.

    "One of the issues that divided Greece and its creditors before talks broke off last week was defense spending. The Greek government had offered to cut 200 million euros ($222 million) annually from its defense budget but lenders demanded twice that amount."

    One can readily see from the above quote, then, that both sides are playing at theatre here.

    Two reports - one from 2010
    http://www.realclearworld.com/video/2010/05/14/greek_military_spending_criticised_.html

    and 2012
    http://rt.com/news/eu-greece-bailout-arms-spending-273/

    Lending money for things that do not produce wealth is bad business unless the lender intends on collecting on the collateral from the beginning. This qualifies the loans as "odious debt" and need not therefore be repaid.

    Tsipris and Syriza could easily go that route or they could borrow from Russia with no demands for imposed poverty and support for productive infrastructure. Or they could do both. That Syriza is doing neither is telling. It's all a game to impoverish the Greek people.

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  4. Replies
    1. thanks james, going to give that a read for sure!

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