Replies

To: Billthedrill

http://www.guardian.co.uk/business/2011/jun/28/greeces-fire-sale-shunned

Debt-laden Greece finds no buyers in ‘fire sale’ of national assets

Greece puts €50bn of national assets on sale in hotel ballroom but private equity firms are not interested

snip
.....representatives of the country’s government were at Claridge’s hotel trying to drum up international investors’ interest in a “fire sale” of its national assets.

Up for sale are 39 airports, 850 ports, railways, motorways, sewage works, a couple of energy companies, banks, defence groups, thousands of acres of land for development, casinos and Greece’s national lottery. George Christodoulakis, Greece’s special secretary for asset restructuring and privatisations, said the sell-off would raise €50bn (£44bn) to help pay back the country’s €110bn bailout debt.

From stuff I’ve read today China may buy. Crazy that a country’s government can sell the very land to others. Evil insanity.

50 posted on 09/15/2011 11:37:45 AM PDT by little jeremiah (Courage is not simply one of the virtues, but the form of every virtue at the testing point. CSLewis)

To: little jeremiah

From stuff I’ve read today China may buy.

Those container ports and airports might make handy forward military bases for China...some day.

57 posted on 09/15/2011 1:01:08 PM PDT by Mr. Jeeves ( "The right to offend is far more important than any right not to be offended." - Rowan Atkinson)

To: little jeremiah

“From stuff I’ve read today China may buy. Crazy that a country’s government can sell the very land to others”

As is probably happening here =/

61 posted on 09/15/2011 1:40:09 PM PDT by vanilla swirl (We are the Patrick Henry we have been waiting for!)

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