Image result for greece selling islands to pay debt
 

In an desperate attempt to repay debts also driven by inability to find funds to develop infrastructure on islands.

Greece is raising cash by selling off an area of state-owned land on Mykonos for luxury tourism.

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.

The Greek government is selling a number of the islands including a part of Greece‘s top tourist destinations Mykonos to pay some of its staggering national debt, media reported on Friday.

“I am sad – selling off your islands or areas that belong to the people of Greece should be used as the last resort,” said Makis Perdikaris, director of Greek Island Properties, according to the report of The Guardian. Some of the real estate could bring in millions of euros.

Image result for greece selling islands to pay debt

The government expected that the sale or long-term lease of some islands will attract investment that will generate jobs and taxable income. The Private Islands website lists 1235-acre Nafsika, in the Ionian sea, on sale for EUR 15 M, the report said.

The patch for sale is one-third owned by the government, the Guardian reported, citing a “trusted source close to the ongoing negotiations”.

Greece was forced to accept a EUR 110 B bailout by the EU and the IMF last month, following a decade of overspending which has left the country’s financial books in tatters.

more: via Guardian

1 Comment

  1. It amazes me that people as intelligent as they can potentially be, will create and or accepts paper as having more value that human life or God. The world’s countries have conformed to an economic standard, as well as a social standard that is inhuman, unnatural, and ungodly. Who created this standard, for they are the true enemies of the Human Race? They are the true devils within God’s creation on Earth. Greece should drop this standard and create a social and economic standard that is realistically human and that fits the needs of the Citizens of Greece. Who can afford to buy an Island but the people who created this inhuman social and economic standard that is killing humanity within the Human Race?

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