just jew-nazi business as usual

Israel says defense boxtops caught in major bribery case
AP, Dec 10 2019

Israel’s Justice Ministry said on Tuesday it plans to prosecute suspects involved in a “serious corruption affair” in one of the country’s defense bodies. Most details of the case, including the names of the suspects, were unavailable because of a gag order. But a statement by the ministry said public servants working in the unnamed defense body allegedly received millions in bribes from companies with the aim of promoting sales deals with Israel’s defense establishment. The suspects are to be charged with bribery, fraud, breach of trust and money laundering, among others offenses, pending a hearing. The ministry said last week it would serve indictments for corruption charges in a $2b German submarine deal that roped in close associates of PM Netanyahu, as well as the country’s former navy chief. The justice ministry claims those accused in the submarine case personally benefited from the purchase. Netanyahu was questioned but not named as a suspect in the submarine probe, known as “case 3000.” Netanyahu has been indicted in three other graft cases for bribery, fraud and breach of trust. He has denied all charges.

New EU lending practice aims to buoy cooperative arms programs short on cash
Sebastian Sprenger, Defense News (Pindostan), Dec 10 2019

COLOGNE — The European Defence Agency (EDA) is readying a new program for underwriting cooperative defense programs whose funding is at risk due to temporary budgeting hiccups in the member nations. EDA CEO Jorge Domecq signed an agreement to that effect, dubbed the Cooperative Financial Mechanism (CFM), with European Investment Bank (EIB) Vice-Pres Alexander Stubb on Monday. The idea is to provide a stream of money for multilateral programs in cases where countries want to participate but can’t because their national bureaucracies have yet to clear the required funds. According to a 2016 EDA assessment, 10% to 20% of collaborative program funding is affected by these disparities among member states. They can occur when parliaments have yet to approve funds needed at a certain time, for example, or because disparate budgeting cycles hinder synchronization. Domecq said:

The agency’s role is to promote and incentivize collaborative defense projects in Europe and to help create the right conditions for that. The CFM adds a very powerful instrument to our toolbox in the context of an enhanced momentum for defense cooperation fostered by the EU defense initiatives. In future, mismatching budgetary cycles or provisional gaps in funding should no longer exclude member states from participating in multinational programs.

Esper is sticking up for Pindo defense firms, saying they should not be cut out of EU programs to strengthen its industrial base. The new lending project comes at a time when EU-wide defense efforts are beginning to hum along, and boxtops are looking for clues of what has worked and what has not. The bloc wants to achieve a higher degree of autonomy from Pindostan, with initial research funding spread far and wide across the spectrum of military requirements. The new funding mechanism will work in two ways: EDA boxtops will either dole out increments of a $6b line of credit underwritten by the European Investment Bank, or they can broker funding advances from member states with excess liquidity to those needing cash. Stubb said:

Europe has to be at the forefront of the development of key strategic defense technologies, including AI and digitalization. A lack of access to suitable financing solutions allowing to better synchronize joint resources is seen as one of the major impediments to the launch or implementation of defense-related cooperative projects. This is where the EU bank comes into play.

The CFM lending arrangement is expected to enter into force during the first half of 2020, once all member states that want to partake have signed on. Belgium, Bulgaria, Cyprus, France, Greece, Hungary, Lithuania, the Netherlands, Portugal, Slovenia and Spain are already in; Germany, Italy, Malta, Poland and Romania are expected to join in the coming months.

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