Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Giant Yard Sale at the Acropolis

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 08:11 PM
Original message
Giant Yard Sale at the Acropolis

from the Guardian UK:




The starting gun for one of the biggest fire-sales in western history was fired as Greek officials began appointing advisers for the country's ambitious privatisation drive.

"Our target is clear, and it is to generate 1.7bn from privatisations by the end of September and 5bn by the end of the year," said the finance minister, Evangelos Venizelos.

After securing a second aid package to prop up an economy now dependent on international handouts to pay public wages and pensions, Athens has moved with record speed to divest itself of state assets ranging from prime real estate to loss-making companies.

By any measure it is a gargantuan task. At stake is Greece's 350bn debt, which before the EU and IMF agreed to bailout the country again was predicted to peak at 172% of GDP next year. ..............(more)

The complete piece is at: http://www.guardian.co.uk/world/2011/aug/01/greece-50bn...



Printer Friendly | Permalink |  | Top
Tansy_Gold Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 08:13 PM
Response to Original message
1. And after they sell all their assets, they will.. . . . . . . . . .
. . . . . . . . . . .?????
Printer Friendly | Permalink |  | Top
 
Initech Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-01-11 08:16 PM
Response to Original message
2. It's the end of (actually several) empires and everything must go!!!
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Jul 23rd 2014, 02:44 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC