Greece to overhaul defence buying after scandal


  • World
  • Saturday, 04 Jan 2014

ATHENS (Reuters) - Greece will overhaul arms procurement to make it more transparent, Defence Minister Dimitris Avramopoulos said on Friday, after a wide-ranging corruption inquiry led to the arrest of a former defence official and two arms dealers.

Heavy arms spending was one of the reasons Athens piled up debt and had to be rescued with European Union and IMF bailouts totalling 240 billion euros ($328 billion) in 2010 and 2012.

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