Wednesday 31 March 2010

Euros" & military security

I am uncertain what to make on the recent agreement by Greece to buy new military hardware from France and Germany. Greece already spends about 2.8% of its GDP on the military. Clearly this has been historic due to the relationships in the region, especially with Turkey. Obviously Turkey has criticised Greece for this purchase agreement, but even today we hear about Turkish intervention to Greek waters etc., and we are far from settling the Cypriot land disputes. 

One another front the financial crisis of Greece much published shows up strongly the weakness of having one European currency with out one European government. Now God forbid we should suffer such monstrous European controls, but I bet owing to what has been seen as the weakness in controlling the currency the "little grey cells" in politicians minds will be working overtime.

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