Germany to spend 115 million Euros on Israel warships deal

Germany will spend up to 115 million Euros on the construction of four warships worth 1 billion Euros that Israel plans to purchase, the German Bild am Sonntag newspaper revealed on Sunday.

The newspaper said that Germany's Deputy Finance Minister Steffen Kampeter sent a confidential letter to the German Budget Committee on 11 December, confirming the Germany federal government's intention to contribute 115 million Euros from its 2014 budget on the Israeli purchase.

The paper said the ships are intended to secure Israel's economic zone in the Mediterranean Sea .... https://www.middleeastmonitor.com