Friday, August 24, 2012

Stephen C.Webster — Greece may sell off islands amid privatization scheme: report

The Greek Prime Minister Antonis Samaras said this week that the country is willing to sell off its uninhabited islands as part of a plan to accelerate privatization across the country, telling French newspaper Le Monde that it is the only way to save Greece.... 
The German government first suggested in 2010 that Greece sell off some islands, drawing outrage. In Thursday’s edition of Le Monde, Samaras painted a dark picture of a potential Greek exit from Europe’s common currency and insisted the government continue selling off assets and public lands.
The Raw Story
Greece may sell off islands amid privatization scheme: report
Stephen C.Webster


Anonymous said...

This is becoming worse than sad. The Greeks essentially have 2 choices: sell their assets to foreigners before ultimately defaulting and leaving the Euro: or holding onto them and hopefully using them to retain some semblance of sovereignty and earning capacity once they default and leave the Euro. It is no wonder social unrest is going through the roof, and with the current set of clowns running the joint continually undermining all hope, it will only get worse. If they really think asset sales are such a good idea, then why not just sell the entire tourist industry and see where it leaves them? Unbelievable.


Dan Lynch said...

Let me see if I understand this correctly ? Greece wants to trade its islands for little pieces of paper ?

Is there a shortage of paper in the world ?