Bilateral Relations

Greece approved $3.4 billion defense agreement with France

by Daily Sabah

Greece’s parliament on Tuesday approved a 3 billion euro ($3.4 billion) agreement for three new French-made frigates amid ongoing tensions with neighbor Turkey.

Lawmakers also voted in favor of adding six new Rafale fighter jets to an existing order for 18 planes ‒ six of them newly built and 12 that were previously in service in the French air force.

NATO members Greece and Turkey remain at odds over maritime boundaries and mineral exploitation rights in the Aegean Sea and the Eastern Mediterranean. A Turkish oil and gas survey in 2020 resulted in a tense naval standoff between the two countries.

Defense Minister Nikos Panagiotopoulos said the Greek military needs to modernize following repeated funding cuts during the country’s acute 2010-18 financial crisis.

Read the full story on Daily Sabah

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Daily Sabah
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