What? Greece To Buy 400 Tanks From The US?

While the sickeningly bored European debt crisis continues with Greece possibility running out of money within weeks, and with the European banking system on the brink of collapse, and European politicians having no idea what they are doing, there is a small piece of comedy.

Although probably a dark one.

Swedish newspaper SvD Näringsliv reports that Greece has apparently just ordered 400 tanks from the United States (what?).

The report cited Defencegreece website, which in turn cited the “Hellenic Defence & Technology” magazine that the US government has approve to sell 400 M1A1 Abrams tanks to the Greek army. The order would be worth “tens of millions dollars”. And on the Defencegreece website, it added that “a Price and Availability letter was sent to U.S. authorities regarding 20 AAV7A1 and a low cost upgrade program for them”.

So that’s what we call “fiscal stimulus”.

No, wait, they are stimulating the US economy!

But Greece is going to default anyway, and China will not save them as China is in trouble too.

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About Zarathustra

Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.