Troika Wants Greece to Shut Down EAS and ELVO

elvoAccording to sources from Brussels, the troika  strongly believes that Hellenic Defense Systems (EAS) and Hellenic Vehicle Industry (ELVO) must be shut down.

The lenders of Greece believe that it’s not possible to save the two state firms, because they are a thorn on public finances. This brings Greece in opposition to the other European countries where the companies of the defense industry are really profitable.

The same sources also revealed that the troika insists on fiscal measures in 2014, in order to be sure that they will meet their targets. Greece has to meet the primary surplus goal which has already been set. Although they seem not to insist on horizontal measures like cuts to wages and pensions, they now look on savings which have to come from fiscal, rather than structural measures. They want to save 2 billion Euros from the new measures.


  1. In a market economy losing productions should be shut down,of course.Less parasites to drain the state budget,in Greece’s case-the European taxpayer pockets.

  2. “Although they seem not to insist on horizontal measures like cuts to wages and pensions”….of course,they will insist.Fiscal measures are just THAT!

  3. Time to kick the TROIKA out and bring down this disgraceful corrupt Gov’t of criminals, liars and thieves selling off all of Greece by the day !

  4. Red line. We should not shut down any of our own already meager defense industries. We need a homegrown method to defend ourselves. Too many Greeks have died at foreign hands in the last hundred years. A military is our only line of defense.

    Of note, the UK, that does not face any nations hostile toward its existence (like Greece does), has no problem whatsoever owning Weapons of Mass Destruction and other goodies designed to kill large numbers of people. Demanding Greece maintain a light defense industry of its own is hardly unreasonable.

  5. Still trash talking? Seriously don’t you have anything better to do with your life than come to Greek forums and harass Greeks?

  6. Our defense industry should not be run by our government. It should be private industry (but owned by Greeks). If anything, given the extremr rhetoric towards Greeks these last few years we should expand our military spending. Our so called NATO “allies” can no longer be trusted to defend us (as witnessed by the fact they betrayed us to the Skopian propagandist).

    If the Troika doesn’t accept the fact their own betrayal have forced Greeks back toward nationalism and defense, we should be looking at letting Russian park their nuclear subs in Greece as an alternative to NATO. Allies that collude with ultra nationalist extremists trying to ethnically erase us.. are not allies.

    “This (US) government considers talk of Macedonian “nation”, Macedonian
    “Fatherland”, or Macedonia “national consciousness” to be
    unjustified demagoguery representing no ethnic nor political reality, and sees in its present revival a possible cloak for aggressive intentions against
    Greece” – US State Department Dec, 1944 (Foreign Relations Vol. VIII
    Washington D.C. Circular Airgram – 868.014/26)


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