Troika Says Defense Industries Must Go

Greece’s proposal to overhaul three state-owned companies, Hellenic Defense Systems (EAS), mining company Larco and the Hellenic Vehicle Industry (ELVO) instead of privatizing or closing them has been rejected by the debt-stricken country’s partners and creditors. The Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) wants Greece to sell off ...

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