Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain Wastes Billions on 'Unjustified Military Purchases'

Source: Sputnik - Thu 9th Apr 2015
Spain Wastes Billions on 'Unjustified Military Purchases'

Since 2008, when the economic crisis in Spain began, the Spanish government has spent EU130 Bln on military purposes, according to the Center's estimates.

"There is no danger to Spain's security that require such investments, no attacks from other countries," Ortega said.

According to Ortega, the government buys very expensive weapons that have no practical use in the defense of Spain.

Ortega cites the uselessness of purchasing 87 Eurofighter combat aircraft worth 11 billion euros, some still in manufacturing.

"These fighters have never seen combat and never will because the United States already has aircraft of superior technology," the analyst said Another example of waste provided by Ortega is 239 Leopard tanks, bought by Spain, for which it paid more than EU2.5 Bln.

"Spain does not expect any ground invasions - where it would use so many tanks ?"

The primary risk to Spanish security is terrorism, but this issue "is primarily internal and the government cannot fight it with the army, so these purchases are not justified," Ortega stressed.

According to the Delas Center president, the cause of these "useless" investments is the interest of the military industry, directly associated with politicians, such as Defense Minister Pedro Morenes.

"Morenes is the main defender of the military industry's interests," the expert said.

From 2008 through 2012 Spain experienced a deep recession and the worst unemployment rate in the Eurozone.

The EU's fiscal rules forced the Spanish government in 2012 to adopt an austerity program aimed at slashing the level of its state deficit to 3.0% by 2016. As a result, the country's authorities have reduced public services and social expenditures.

Although Spain's economy began to recover in late 2013, the economic situation in the country is still grave. Spain's unemployment rate rose to 23.7% in Q4 of 2014, up from 23.67% in Q3, according to the INE.

Recommended Reading :

* Three-Quarters of Spain's fighter jets unable to fly

* Spain wastes EU680 Mln on Submarines that sink

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs