No, no, no. The Troika is a tough negotiator. The representatives of Greece’s lenders rejected the government proposal about the three defense industries LARKO, EAS and ELVO. IMF’s Thomsen and the other kids demanded that the three industries close immediately without compensation for the fired personnel and to be thoroughly restructured on a total new basis.
Greek government had proposed a reconstruction model similar to “public broadcaster ERT” that was shut down overnight, the personnel received compensation and part of this personnel was/is hired again at the new broadcaster.
On Tuesday it was confirmed that the troika has rejected the government’s plan to clear the operation of the three industries, namely LARCO, the Greek Defense Systems (EAS) and the Greek Defense Industry(ELVO).
The country’s lenders said ‘no’ to proposals tabled in the last minute by the Greek government. For example, according to information obtained by protothema.gr, in the case of EAS the Ministry of Defense proposed the continuation of the company operation at a cost of about 30 million euros annually. According to the plan presented to lenders, the 20 million euros annually are the needs of the Greek Defense Forces in material and so the money could come from the state budget for at least five years. Even 10 to 15 million euros per year could accrue to the funds of EAS from the international market with armament of contracts.
The Troikans’ point of view about the present and the future of the country’s defense industries was clear and brief: it was submitted to the Greek Finance Ministry via an e-mail!
PS the next decision of the Troika will be submitted to the Greek government with recipient’s name “Greek Finance Ministry” on the CC section.
