Greek Prime Minister Kyriakos Mitsotakis is planning to announce an agreement to purchase a fleet of Canadian-made water bombers,
“This is a big purchase for us,” he said, adding that the Greek parliament is set to approve the deal on Friday. The Greek government has been mulling the water bomber deal for some time, as climate change has triggered horrific wildfires in both Europe and Canada. Last year was particularly grim for Greece. Wildfires, some caused by drought and extremely high temperatures, others by arson, were responsible for 28 deaths in the country. At the time, Mr. Mitsotakis called the Mediterranean a “hot spot for climate change.
Five of the seven planes in the Greek fleet would be purchased by the Greek government. The other two would be purchased by the European Union for its civil protection arm, known as rescEU. Toronto’s Fairfax Financial Holdings bet heavily on the Greek turnaround and became one of the biggest foreign investors in the country. Its holdings include 32 per cent of Eurobank, one of Greece’s largest lenders. In an interview Tuesday, Fairfax’s chairman and chief executive officer, Prem Watsa, called Greece “the best country in Europe for investments.”
“Greece is a natural entry point for trade from India, or European trade to India,” Mr. Mitsotakis said. “We have a particularly important role to play in logistics and infrastructure. For India, Greece is the closest continental European country.”
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