Big Fat Greek Government

THE TUNDRA TABLOIDS CALLED IT RIGHT: GREECE SET TO SELL OFF ISLANDS TO PAY DEBT…….

The Tundra Tabloids said on May 6th: “If they need money, and they do, then act like the private sector and start selling off their assets, like land, such as islands etc. The US gained Alaska and Louisiana through similar means, the Greeks can start paying off their debts by selling off parts of Greece.” Now it looks as if they are taking the TT’s advice! KGS

NOTE: Just make sure you Greeks don’t sell to any Turks, no sense in compounding your errors.

There’s little that shouts “seriously rich” as much as a little island in the sun to call your own. For Sir Richard Branson it is Neckar in the Caribbean, the billionaire Barclay brothers prefer Brecqhou in the Channel Islands, while Aristotle Onassis married Jackie Kennedy on Skorpios, his Greek hideway.
Now Greece is making it easier for the rich and famous to fulfill their dreams by preparing to sell, or offering long-term leases on, some of its 6,000 sunkissed islands in a desperate attempt to repay its mountainous debts.
The Guardian has learned that an area in Mykonos, one of Greece’s top tourist destinations, is one of the sites for sale. The area is one-third owned by the government, which is looking for a buyer willing to inject capital and develop a luxury tourism complex, according to a source close to the negotiations.
Potential investors also looking at property on the island of Rhodes, are mostly Russian and Chinese. Investors in both countries are looking for a little bit of the Mediterranean as holiday destinations for their increasingly affluent populations.
Roman Abramovich, the billionaire owner of Chelsea football club, is among those understood to be interested, although a spokesman denied he was about to invest.
Greece has embarked on the desperate measures after being pushed into a €110bn (£90bn) bailout by the EU and the IMF last month, following a decade of overspending and after jittery investors raised borrowing costs to unbearable levels.

More here.

Leave a Reply

Your email address will not be published. Required fields are marked *