Sunday, July 11, 2010

Greece Needs Protection

That's why they need to spend more than twice as much on armaments than any other EU country as shown in the chart below from the Wall Street Journal.
In fact, Greece imports more weapons than any other country in Europe, although, with 11,000,000 inhabitants, it is one of the smallest countries in Europe. An interesting aspect of Greece's military spending is that a lot of it was with Germany, which is now having to contribute significantly to keep Greece going. Of course, the euros from Greece went to German companies but it's the German people that are bailing Greece out. So what's new?

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