World Cash-strapped Greece calls on citizens to fund battleships Published 5 days ago on December 7, 2018 By Aldin Pinkott Share Tweet Months after emerging from austerity purgatory, Greece is still too poor to afford its battleship fleet, according to Defense Minister Panos Kammenos, who asked wealthy and ordinary Greeks to make up the difference. Kammenos is hoping to raise money for new battleships by appealing to his countrymen for funds, hoping to catch the ear of some of Greece’s wealthy shipping magnates as well as working-class Greeks. In what may be the world’s first military ‘Kickstarter’, the defense minister will open a bank account on January 1 where Greek citizens will be able to donate “for new frigates and a flagship.” He promised to match all donations out of his own pocket. Also on rt.com Greeks slam Bavarian minister for joking that Greece should still be under German rule “I will be the first to deposit my salary in this effort,” he told navy personnel on Thursday, the feast day for St. Nicholas, patron saint of Greek seamen and the navy. The Defense Ministry plans to upgrade its fleet in 2019 as the nation continues to lock horns with Turkey, though it’s unclear how it expects Greece to pay for the new weaponry. In October, Kammenos visited the US in hopes of encouraging the US to expand its military presence in the country, and Greece recently signed a $1.5 billion deal to upgrade its F-16 fighter jet fleet. Greece has been paying back a total of $330 billion in loans that came in three International Monetary Fund programs with crippling austerity measures attached. While the government has fulfilled its obligations as of August, the average Greek household is still reeling from the effects of austerity cuts. While PM Alexis Tsipras hailed the end of the bailouts with the announcement that his government would focus on “social spending,” the country is in reality still closely watched by the IMF, which is unlikely to tolerate any deviations from neoliberal orthodoxy. Like this story? Share it with a friend! This story was originally published by RT News Share this:Click to share on WhatsApp (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Skype (Opens in new window) Related Related Topics: Up Next France protests: Tourist sites to close on Saturday amid Paris riot fears Don't Miss Japan passes controversial new immigration bill to attract foreign workers Continue Reading You may like Follow Us On Flipboard Magazine. Latest U.S. Politics20 mins ago Celebs hawking Cîroc vodka didn’t mention paid ad deal: FTC Sean “Diddy” Combs helped to make Cîroc a best-selling vodka — but he and scores of other celebs never said... Business1 hour ago How Eddie Redmayne Inspired Glossier’s Best-Selling Cleanser Glossier, the hit e-commerce beauty brand that recently opened a flagship store in New York, announced Tuesday that it will... Local2 hours ago Meng Wanzhou: Trump could intervene in case of Huawei executive Image copyright Reuters Image caption Meng Wanzhou has said she will contest allegations of fraud Donald Trump says he could... Local3 hours ago ‘If you Google the word idiot, a picture of Donald Trump comes up?’ Google’s Chief executive Sundar Pichai went in front of US Congress to defend his company to lawmakers. He faced questions... Entertainment3 hours ago Duchess Meghan Gives a Sweet Nod to Father-in-Law Prince Charles Meghan, Duchess of Sussex on stage during The Fashion Awards 2018Tristan Fewings/BFC/Getty Images A sweet statement! Duchess Meghan gave a... Most Read Local1 week ago Wilder v Fury: Stunning draw in the WBC world heavyweight title fight Sports5 days ago Maurizio Sarri is steering Chelsea away from top four for second year running unless these changes are made, says Adrian Durham Sports5 days ago Who are the two best central defenders in the world?