According to information of the “Hellenic Defence & Technology” magazine, the U.S. authorities approved to grant 400 M1A1 Abrams tanks to the Greek Army, which will include options between simple refurbishment – worth tens of millions dollars for all the tanks- and upgrading to a higher level of operational capability, with a higher corresponding cost. The relative Letter of Offer and Acceptance (LOA) is expected soon. (defencegreece.com)
Finance Minister Evangelos Venizelos said Greece has enough cash to operate until mid-November, after euro-region finance ministers delayed a decision on the nation’s next emergency-loan payment. (Bloomberg.com)