T-72M Tanks that Venezuela Wants (Photo from Javno)From BBC:
Is Latin America gearing up for conflict? Some regional commentators certainly fear that a handful of countries are teetering on the edge of a full-blown arms race they can ill afford - either financially or diplomatically.
That fear has been stoked in the past week by the coincidental announcement of two major procurement programmes.
Firstly, Brazil confirmed on 7 September that it will buy four Scorpene attack submarines from France, and will build 50 EC-725 transport helicopters under licence.
It has also opened negotiations with French company Dassault for a large order of Rafale fighter aircraft.
Then Venezuelan President Hugo Chavez returned last week from a successful shopping trip to Moscow, with T-72 main battle tanks and an unknown quantity of air defence systems in the bag.
Both countries are ramping up military expenditure to levels not seen in decades.
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More News On The Arms Race In Latin America
Preparing for war with Venezuela -- Colombia Reports
US fears Latin American arms race -- AFP
South America's Military Spending Spree -- America's Society
U.S. Worried Venezuelan Arms Purchases May Spark Race -- Bloomberg
Arms race grows in South America -- Kansas City/AP
In Latin America's Arms Race, Chávez Leads the Way -- Counter Terrorism Blog
Weapons put provocateur Chavez back in U.S. spotlight -- Reuters
US, Venezuela blame each other for S. America 'arms race' -- AFP
US-Colombia deal could fuel arms purchases -- AP
U.S., Uruguay concerned over S. America arms buildup -- UPI
US, Uruguay fear arms race in South America -- Canadian Press
UNASUR summit ends how it began: tense and without a deal -- Examiner
South America Ministers Fail to Agree on U.S. Bases -- Bloomberg
S. America meeting ends amid deadlock -- AFP
South American summit ends without agreement on Colombia bases -- Colombia Reports
FACTBOX: Major arms deals by Latin American countries -- Reuters
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