Greece scraps order of four Italian transport planes
Cash-strapped Greece has cancelled the 50-million-euro ($66-million) purchase of four Italian C-27 transport planes, a government source said following a cabinet meeting Thursday.
Greece ordered 12 planes from aerospace firm Alenia in 2007 and has already received eight of them.
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Greece had already told the International Monetary Fund and the European Union, which have bailed out the debt-stricken nation, it would cancel the contract as part of public spending cuts.
The decision to scrap the purchase was taken during a restricted cabinet meeting chaired by Prime Minister Lucas Papademos and involving just six key ministries including defence and foreign affairs.
It comes ahead of a May 6 parliamentary election, when fed-up Greeks will vote after months of gruelling austerity cuts.
by Shirley Wibisono Â© 2012 AFP
Source : AFP
Mar 24 - 25, 2014 - Phoenix, United States