Reports that the Greek government was heavily leaning towards a French proposal for procurement of new frigates and corvettes for the Hellenic Navy were widely circulating in Athens on Monday, a day ahead of a formal meeting in Paris between the two countries’ leaders.
Greek Prime Minister Kyriakos Mitsotakis was already in Paris on Monday, with an evening reception hosted by French President Emmanuel Macros on the official itinerary.
Diplomatic and media sources on Monday claimed that the Greek government intends to announce a bilateral defense pact with France that includes the purchase of three cutting-edge Belh@rra frigates – with the inaugural unit now being constructed – and an option for another vessel, along with three Gowind corvettes.
The reports are accompanied by an estimated price tag of five billion euros, with still unconfirmed details claiming the frigates will be built at Naval Group’s shipyard in Lorient, whereas the corvettes will be launched by Greek shipyards.
Adding veracity to the reports is the fact that Greek Foreign Minister Nikos Dendias and DM Nikos Panagiotopoulos will be in the French capital on Tuesday.
By all accounts, the current French proposal is significantly improved from a previous offer made last year.
Asked about the reports on Monday, a government spokesman in Athens merely recommended a “little more patience”.
Greece has signaled that it will boost its defense capabilities in the face of official Turkey’s continuing belligerence and saber-rattling in the Aegean and eastern Mediterranean, with provocations by the now unabashedly authoritarian Erdogan government far exceeding Turkish military incitements in the region over the past two decades.
The first “big ticket” item in terms of weapons systems was the purchase of 18 Dassault-made Rafale warplanes, a mix of used and new fighter planes. Athens then exercised an option to acquire another six.
According to the same reports, the recently unveiled pact by the United States, the United Kingdom and Australia to boost defense cooperation and joint initiatives, known as “AUKUS”, tilted the scale in favor of the French warships.
One ostensible factor cites the Macron government’s improved offer in order to “close the deal” with Athens, given that Australia’s cancellation of an agreement to purchase 12 French-made submarines cost French companies some 90 billion Australian dollars.
Another factor “making the rounds” in the Greek capital claims an attempt by Washington to “soothe” French anger over the cancellation of the submarine contact by quietly scrapping an offer to sell the US-made MMSC frigates.
Latest News
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards
Syria’s Bashar al-Assad, His family Granted Asylum by Russia
Reuters also reported that a deal has been struck to ensure the safety of Russian military bases in the war-ravaged country
Greece to Introduce Artificial Intelligence into Its Education System
Currently, Greece is taking its first steps to bring AI into classrooms through the AI4edu program, which is being co-funded by the European Union