France is suspending the delivery of the 1st of 2 hulking Mistral warships to Russia amid security concerns about Moscow’s actions in neighboring Ukraine, AP reports President Francois Hollande’s office said Wednesday. Hollande’s change of mind – as he begs Draghi to devalue the EUR and Schaeuble to lift the deficit limits in Europe – comes at a time when the French economy can hardly cope with losing a few billion (which he previously said was too costly to cancel) but as he explains, Russia’s recent actions harm “the foundations of security in Europe.” We will see what Hollande got for this… or how he was blackmailed – but for now NATO allies have commented that they “welcome the French Mistral sale suspension.”
Despite a possible cease-fire in Ukraine, “the conditions that would allow France to authorize the delivery of the first Mistral-class ship aren’t met as of now, ” the Elyse Presidential Palace said in a statement released after a gathering of country’s defense council around Mr. Hollande.
This post was published at Zero Hedge on 09/03/2014.
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