advertisement
Sat, May 26 2012
Sell your islands, Greece is told
Photo: Wikipedia
Greece, wracked by severe economic crisis, should sell off some of its state assets, including some of its private islands, according to political allies of German chancellor Angela Merkel.
Josef Schlarmann, a senior member of Merkel's Christian Democrats, and Frank Schaeffler, an MP for the Free Democrats - the junior partner in the centre-right coalition - apparently told Germany's Bild daily that the Greek government should consider selling stakes in all its assets to raise more cash.
According to the BBC, both politicians said that those who face insolvency should do everything they can to pay their creditors.
A poll published on March 4 found that 84 per cent of Germans think that the EU should not help Greece out of its debt crisis.
The BBC says that "dotted in the blue waters of the Aegean are some of the country's most valuable assets - about 6000 islands, of which only 227 are inhabited".
Some sources say that your own private island could cost as little as 1.5 million euro.
Greek prime minister George Papandreou is due to meet Merkel in Berlin shortly for talks about the Greek economic crisis. Schlarmann advised Merkel not to offer the Greek leader any financial assistance when they meet.
Josef Schlarmann, a senior member of Merkel's Christian Democrats, and Frank Schaeffler, an MP for the Free Democrats - the junior partner in the centre-right coalition - apparently told Germany's Bild daily that the Greek government should consider selling stakes in all its assets to raise more cash.
According to the BBC, both politicians said that those who face insolvency should do everything they can to pay their creditors.
A poll published on March 4 found that 84 per cent of Germans think that the EU should not help Greece out of its debt crisis.
The BBC says that "dotted in the blue waters of the Aegean are some of the country's most valuable assets - about 6000 islands, of which only 227 are inhabited".
Some sources say that your own private island could cost as little as 1.5 million euro.
Greek prime minister George Papandreou is due to meet Merkel in Berlin shortly for talks about the Greek economic crisis. Schlarmann advised Merkel not to offer the Greek leader any financial assistance when they meet.
-
Print
-
Send via email
- Translate to
-
Share:
Comments
To post comments, please, Login or Register.
Please read the The Sofia Echo forum comments policy.
Bond and beyond: Greece faces crucial days
Encouraging words from ECB President Jean-Claude Trichet as Papandreou heads to meet Merkel in Berlin, seeking support for the economic recovery plan; but protests and strikes at home.
More in this category
Czech Republic, Romania mull shale gas moratoriums
Governments in Prague and Bucharest could soon join Sofia in instituting temporary moratoriums on shale gas exploration.
Serbia: Tadić leads as presidential elections head for second round
Coalition around ruling Democratic Party has largest share of vote in Serbia's parliamentary election, according to exit polls.
Greek voters punish major centre-right, socialist parties at polls
Centre-right New Democracy is said by exit polls to have largest share of votes, but diminished even from its 2009 defeat, while socialists Pasok – the 2009 victors – gets somewhere around 14 to 17 per cent.
Deal on OSCE role in Serbian elections welcomed
An agreement reached with the Organisation for Security and Cooperation in Europe (OSCE) will allow voters with dual citizenship in Kosovo to vote in the upcoming parliamentary and presidential elections in Serbia.
Macedonia arrests 20 suspected terrorists
Twenty radical Muslims suspected of being members of a terrorist group that has been linked to the murder of five fishermen in early April.
© 2000-2012, Sofia Echo Media Ltd.
Web Design by RIZN
Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted.
Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only
with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site.
Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com.
Sofia Echo Media cannot be held responsible for the statements contained in visitor comments.
The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the
price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes,
and should not be used as a basis for decisions about buying or selling stock options.
- Economedia Group portfolio:
- In Bulgarian:
-
Business:
Капитал,
Кариери,
Пазари,
Ho Re Mag,
Регал,
Градът.bg,
Одит,
Foton.bg,
Online shop
- News: Дневник, Европа, Foreign Policy - България
- IT: IDG.BG, Computerworld, PC World, CIO, Networkworld
- Entertainment: Бакхус
-
In English:
The Sofia Echo
It is not over yet and the more you wish your enemies' demise karma has it that the less likely you're wish comes true
I have some change in the pocket, I can't only buy a couple of islands I'm afraid
And justice is done...
Yes, Aries, we used to use the Fibonacci sequence (it really is spelled that way, by the way, as he was Italian) to test out trainees for Government IT jobs.
The best one we ever devised was to discourage Irish claimants from fraudulently claiming twice (or more) on the same agricultural subsidy. We had an old COBOL-dominated mainframe computer that worked on punch cards and hexadecimal (or octal) mathematics.
So we told our Irish claimants that in future they would have to fill out all the numbers on their claim form in [...]
Read the full comment hexadecimal notation, in order "to speed up their payments through the computer" (!!!)
It had the desired effect for the most part, but a couple of the worst offenders either learned "hex" or bribed some programmers to fill in their claim forms for them.
Moral: You Can't Win Them All !!!
Oh no ? The tabloids (like the Mirror and the Sun) dominate UK elections - that's why all political lobby groups try to keep them "on side".
Similarly with Bild Zeitung. He who does not take account of what they said (however "misguided") is a very foolish politician indeed...
I suggest to the Greek government to go back and re-check the black garbage bags. Greeces politicians never had any concern about the people of Greece, they were more concernend for their political life by inflaming the situation with the Republic of Macedonia.I feel that since 1991 the Greek successive governments have been engaged more in politics than the wellbeing of the people. Does 130 million ring a bell?
please note the words 'apparently told the Bild daily'
Bild Zeitung is a tabloid not disimilar to the Sun or Mirror (in the UK)in other words not to be taken too seriously!!!
Perfectly sensible idea - enough millionaires have bought individual Greek islands already (and who retained the money, I wonder ?)
Still, there's 3000 of them left to go....
Personally, I might distrust any buyer called "Abdul" or "Mohammed", but then I'm being a bit prejudiced.....
However, I should add that in this proposal the Germans are being perfectly serious, as only Germans can be. So we can't just brush the idea aside....
nah, the Greek are far too nationalistic and proud of their heritage and country for that.
however, if we Bulgarians were in the same position, we would sell our islands, our mothers, our fathers, and after we sold our own mother, we'd probably try to come up with a way to sell her all over again.
These are not serious proposals and at a crisis moment some should expected more seiousness and responsibility by the politicians.