Egypt looks to Germany to purchase frigates

Egypt is considering purchasing two Meko A200 frigates from Germany’s ThyssenKrupp Marine Systems (TKMS) as discussions with France’s Naval Group on the acquisition of further Gowind corvettes grinds to a halt over cost concerns, according to a widely cited piece from France’s La Tribune. The German government is reportedly looking to sweeten the transaction by offering TKMS attractive credit through Euler Hermes.