Greece should rely on its own resources in the European Commission’s planned rearmament of the EU, Evangelos Mytilineos, chairman and CEO of Metlen Energy & Metals, has said.
Addressing a session at the “Greece after VIII” conference, organized by the Circle of Ideas think tank in collaboration with the Delphi Economic Forum, Mytilineos said that after the Imia Crisis of 1996 Greece managed to develop industries that could withstand international competition.
He rejected the argument that the Greek defense industry cannot provide added value to defense spending, saying that the decision to buy Belharra frigates from France was something that should never have happened.
“We built the Type 214 submarines 20 years ago. Don’t we know how to build frigates today?” he said.
