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Keyword: danharel
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Germany subsidizes sale of four warships to Israel
May 11 Israel bought four German-made corvette warships on Monday to help secure its Mediterranean gas rigs, with Berlin heavily subsidizing the deal, Israel's Defence Ministry said on Monday. The ships, worth 430 million euros ($480 million), will be built by Thyssen Krupp and delivered within five years, providing significantly more fire power to Israel's navy. The German government will pay 115 million euros towards the cost. As part of its atonement for the Nazi Holocaust, Germany is committed to Israel's security and has often helped pay in the past for the cost of military equipment such as submarines. Thyssen...
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