Lord of heavy rings to bear.

Armada InternationalVol. 28 Nbr. 6, December 2004

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Lord of heavy rings to bear.

The Olympic games that were held during the summer in Athens still constituted a mental backdrop during the Defendory exhibition held in early October at Pireaus. If they had a beneficial effect in terms of urban infrastructure improvement, their cost--more than twice the anticipated figure--had a dramatically adverse effect on the Hellenic defence budget.

Adding to the post-Olympic defence budget cuts, Brussels also has rapped Greece's knuckles for exceeding its Eurozone budget deficit limits--and there also is the impact of the new Kostas Karamanlis-led government elected in March. The new helm has decided to re-examine previous governmental commitments with the finest tooth comb one may imagine and, at time of writing, was making a serious enquiry against the previous Minister of Defence for his decision to acquire a Russian air defence system, n...

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