Millions for Billions

ATHENS/BERLIN (Own report) – New allegations of corruption have been leveled at leading German arms manufacturers. According to a former employee of the Greek defense ministry and several mediators of the arms industry, German arms manufacturers paid millions in bribes to induce Athens to purchase German weaponry, worth several billion Euros. Krauss-Maffei Wegmann and Rheinmetall were among the companies named. These deals helped inflate the country’s debts and were, therefore, in part responsible for escalating the crisis. Others, such as Siemens, had also paid millions in bribes to land lucrative contracts from Athens. According to a Greek journalist, who has done extensive research on corruption in Greece, German companies are the “main beneficiaries” of Greece joining the Euro zone because they subsequently profited from highly lucrative Greek government contracts. The sumptuous contracts helped plunge Greece into crisis while they, at the same time, helped the German industry to blaze its trail to the predominant position in Europe. Continue reading