Greece buys three new French frigates in boost for European defence By Reuters

© Reuters. Greek Prime Minister Kyriakos Mitsotakis speaks as French President Emmanuel Macron listens on throughout a signing ceremony of a brand new defence deal at The Elysee Palace in Paris, France September 28, 2021. Ludovic Marin/Pool through REUTERS

PARIS (Reuters) – Greece signed a take care of France on Tuesday to purchase three new frigates as Paris seeks to bounce again from the lack of a giant submarine contract with Australia.

The strategic defence and safety cooperation pact signed by the international locations’ presidents can also be a part of efforts to extend European army autonomy.

“It contributes to European safety, to the strengthening of Europe’s strategic autonomy and sovereignty, and thus to worldwide peace and safety,” French President Emmanuel Macron advised a information convention with Greek Prime Minister Kyriakos Mitsotakis.

Mitsotakis advised reporters: “This may tie us for many years.”

Underneath the settlement, Athens additionally has an possibility to purchase a fourth frigate from France. It has already ordered some 24 Dassault-made Rafale fighter jets this 12 months, making it the primary European Union nation to purchase the warplane.

French media reported the take care of Greece may price be as a lot as 5 billion euros ($5.86 billion), easing a number of the ache for Naval Group, the corporate that had been because of construct submarines below the misplaced multi-billion-euro take care of Canberra.

($1 = 0.8537 euros)

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