• Germany's news in English

Siemens gets Athens contract after bribery fine

The Local · 11 Apr 2012, 11:38

Published: 11 Apr 2012 11:38 GMT+02:00

Facebook Twitter Google+ reddit

Siemens said in a statement it will supply signalling technology and components for a 16-kilometre extension of two subway lines in the Greek capital.

The subway extension was designed to help alleviate the traffic chaos in Athens, reducing the number of cars on the city's streets and cutting carbon emissions, Siemens said.

Construction is expected to begin next year.

The Handelsblatt business-focussed newspaper said on Wednesday that the Greeks had got a bargain, as around 70 percent of the project was being financed via EU funding – while Siemens should thus have no concerns about being paid.

A years-long row between the German company and the Greek government over bribery payments to Greek officials was settled just a few weeks ago. Siemens paid €90 million to the Greek government to help it fight corruption and a further €80 million to help it pay off debts.

Former Greek minister in further German bribery case

In a further Greek-German corruption case, former Greek Defence Minister Akis Tsochatzopoulos was arrested on Wednesday in connection with the purchase of German submarines.

He is accused of accepting bribes in the Greek purchase of four submarines worth €2.85 billion in 2000. German investigators concluded that the former MAN subsidiary Ferrostaal had paid millions of euros in bribes in connection with the deal.

Story continues below…

Ferrostaal has already paid nearly €140 in fines while two of its former managers were jailed for two years in December 2011, and both fined.

The Local/AFP/hc

The Local (news@thelocal.de)

Facebook Twitter Google+ reddit

Your comments about this article

13:54 April 11, 2012 by smart2012
and here u see the reason why Germany cares so much about Greece...... while they did not care about Portugal/Ireland going banbkrupt.

as usual, all BS. well done Merkel again.

and PS: all this EU crisis started almost 1 year ago... and as of today no changes (see yesterday stock market). Well done Merkozy......... but prices for germans are getting higher and higher, while salary stay the same :-)
08:27 April 12, 2012 by Enough
Siemens should have banned from doing any buisness for at least 5 years in Greece.
15:20 April 12, 2012 by The Slog

The EU, Siemens, and the Greek elite will never change.

Read the full story behind this 'award' of a contract...corruption all the way, as usual -

Today's headlines
Obama to visit Berlin in last presidential trip to Germany
President Barack Obama and Chancellor Angela Merkel during a Berlin trip in 2013. Photo: DPA.

The White House announced on Tuesday that US President Barack Obama will be paying one last unexpected visit to the German capital - his last before he leaves office.

Hostility towards minorities 'widespread in Bavaria'
A village in southern Bavaria. Photo: DPA.

Hate and hostility towards groups deemed to be different are not just sentiments felt by fringe extremists, a new report on Bavaria shows.

Hated RB Leipzig emerge as shock challengers to Bayern
RB Leipzig. Photo: DPA

RB Leipzig's remarkable unbeaten start to the Bundesliga season has seen them suddenly emerge at the head of the pack chasing reigning champions and league leaders Bayern Munich.

Munich taxi driver in hospital after attack by British tourists
Photo: DPA

A taxi driver had to be hospitalized in Munich on Monday evening after three British tourists refused to pay their fare and then attacked him.

German police carry out nationwide anti-terror raids
Police outside a building in Jena during raids on Tuesday. Photo: DPA

Police forces in five German states carried out raids on Tuesday morning with the aim of tackling the financing of terror groups, police in Thuringia have reported.

The Local List
10 ways German completely messes up your English
Photo: DPA

So you've mastered German, but now it's time to learn English all over again.

Iconic German church being eroded away by human urine
Ulm Minster towering over the rest Ulm surrounding the Danube. Photo: Pixabay

It will now cost you €100 to spend a penny. That’s if you get caught choosing to pee against the world-famous Ulm Minster.

German small arms ammo exports grow ten-fold
Photo: DPA

The government has come in for criticism after new figures revealed that Germany exported ten times the quantity of small arms ammunition in the first half of 2016 as in the same period last year.

14-year-old stabs 'creepy clown' in prank gone wrong
File photo: DPA.

A 16-year-old in Berlin decided he wanted to scare some friends, but his plot backfired in a violent way.

Four Ku Klux Klan groups active in Germany, says govt
An American member of the KKK at a gathering in Georgia. Photo: EPA.

The German government estimates that there are four Ku Klux Klan (KKK) groups currently active in the country, according to a report by the Süddeutsche Zeitung (SZ) on Tuesday.

Germany's 10 most weird and wonderful landmarks
Sponsored Article
Last chance to vote absentee in the US elections
10 things you never knew about socialist East Germany
How Germans fell in love with America's favourite squash
How I ditched London for Berlin and became a published author
12 clever German idioms that'll make you sound like a pro
23 fascinating facts you never knew about Berlin
9 unmissable events to check out in Germany this October
10 things you never knew about German reunification
10 things you're sure to notice after an Oktoberfest visit
Germany's 10 most Instagram-able places
15 pics that prove Germany is absolutely enchanting in autumn
10 German films you have to watch before you die
6 things about Munich that’ll stay with you forever
10 pieces of German slang you'll never learn in class
Ouch! Naked swimmer hospitalized after angler hooks his penis
Six reasons why Berlin is now known as 'the failed city'
15 tell-tale signs you’ll never quite master German
7 American habits that make Germans very, very uncomfortable
Story of a fugitive cow who outwitted police for weeks before capture
Eleven famous Germans with surnames that'll make your sides split
The best ways to get a visa as an American in Germany
jobs available
Toytown Germany
Germany's English-speaking crowd