Greece Aims to Raise $50 Billion From Sales of State-Owned Property Assets

[Burnum]

Greece plans to raise 35 billion euros ($50.5 billion) from state-owned real estate assets by 2015, according to a report released yesterday by the Greek Finance Ministry.

Article

“The state owns a vast portfolio of real estate assets that today is underdeveloped or is exploited by uncontrolled, private vested interests,” the Finance Ministry wrote in the presentation, adding that the development and management of the assets is an “obligation for the state.” The plan is part of a 50 billion euro asset-sale program to reduce Greece’s public debt, the highest in the European Union as a percentage of gross domestic product. The government will value and register all state-owned commercial real estate assets and record them for the first time in a single land registry, according to the presentation. Greece is the only country in Europe without a centralized registry of deeds. About 40 percent of registered state properties are disputed and an additional 25 percent don’t have enough data on their legal status and are “questionable,” Finance Minister George Papaconstantinou told lawmakers last month. Greek and international banks will create real estate investment portfolios grouping the assets and four of them will be presented by 2012, according to the presentation. The first will be put forward in June. Other measures to be taken this year by the government to ensure the success of the plan will include legally establishing long-term leaseholds, defining conditions for vacation and tourist accommodation and speeding up processes for obtaining building and development licences, according to the report.

Link

I wonder how much the Parthenon would go for?

[Jom]

Link

I wonder how much the Pantheon would go for?

Do you mean the Parthenon?

[Burnum]

Do you mean the Parthenon?

Sorry, Firefox's spellchecker is useless.

[John ''True Grit'' Wayne]

I heard they are going to sell there islands to millionaires?

[Menelik_I]

Link

I wonder how much the Pantheon would go for?

I'm more interested in buying the Overlordsh ... er Management rights over Rhodes Island, especially for the magnificent Templar castle there.

Spoiler Alert, click show to read: 

Spoiler Alert, click show to read: 

[Sphere]

The rear part of the Parthenon is actually a Pantheon (multi-god temple) so you could try and argue you meant what you said.

[neoptolemos]

The point is that there are efforts here in Greece for a logistic committee to check at last what part of the debt is odious. But guess who are against, the media and the parties that ruled the last 30 years.

The sale of the state-owned Property Assets is rational if we are speaking about state companies with liability and not profitable ones.

As for the comments about the islands and the monuments i will quote an uneducated fighter of the Greek was of independence who stopped some of his men from doing harm (unintentionally) to some ancient artifacts:

"We fought for them also"

[removeduser_487563287433]

Let's be having those islands.

[neoptolemos]

I don't know what is more valuable:
The island itself or the rights of it's shelf........in the Aegean

[Burnum]

I heard from a friend that some rich Arab oil sheiks offered to buy several Greek monuments, this was before Greece's financial troubles, of course.

[removeduser_487563287433]

Islands don't have shelves.

[neoptolemos]

Islands don't have shelves.

Insular shelves:
http://www.ehow.com/about_6197042_de...r-shelves.html

Anyway, the point is that the economical benefits of an Aegean island may be laying there rather than on the island itself.

[Menelik_I]

Insular shelves:
http://www.ehow.com/about_6197042_de...r-shelves.html

Anyway, the point is that the economical benefits of an Aegean island may be laying there rather than on the island itself.

Why not make a consortium to buy of these Islands and the full minerals rights of the shelf of course.

10 000 Investors * $10 000 = $100 000 000 ... a good pocket change for a Greeky friends

[magpie]

Sad day for Greece or any country when the family silver has to be flogged off to pay the creditors. Greece was kind of late in getting in a claim for royalties on the democracy idea now its become so popular.
Maybe its time for all the poor populations from the debtor nations Greece, Ireland and Portugal to move enmass to France and Germany and enjoy the rewards of the euro dream. I am sure our brother europeans would welcome us with open arms.

[neoptolemos]

Sad day for Greece or any country when the family silver has to be flogged off to pay the creditors. Greece was kind of late in getting in a claim for royalties on the democracy idea now its become so popular.
Maybe its time for all the poor populations from the debtor nations Greece, Ireland and Portugal to move enmass to France and Germany and enjoy the rewards of the euro dream. I am sure our brother europeans would welcome us with open arms.

If only i knew German i would have migrated there (some colleagues of mine did it )

In case it is not mentioned though here are some facts:
The one and only case the Greek state lend money was under the German occupancy (force to off course)
And guess what ,the Greek state didn't claim the post war amends nor it will.....

[Gromovnik]

I lol'd at the Pantheon...

[neoptolemos]

I lol'd at the Pantheon...

Personally i would be pleased if a monument such as Pantheon was in Athens,

[jo the greek]

Ok you mocked Greece is it in enough

can you have a real discussion now ??


or do you want to see what States own and not uses ???

Spoiler Alert, click show to read: 

near in of most rich suburbs of Athens the old airport apart from some excibitions its unused

Greek State in comparison with other countries is huge and thats why failed
so in short it has many to sell in order to match European states

Αnother example is Railway system that in many countries is owned by not state companies same for Energy producing and water Supply and much more simillars cases
The only casino in Athenσ is state owned

So you may mock
cause you have pathetic stance towards Greece

But all the above nonsense posted proved how able are to judge for me actually all the above are spam if not mocking and insults


I AM ASHAMED TO READ THOSE NONSENSE it would be better if was moved in theme devia than being here


And actually Greece is doing what USA BRITAIN and ETC had done years ago but i never saw anyone saying hey Americans are selling White House or Bakiham Palace
http://en.wikipedia.org/wiki/Privati...f_British_Rail
But thats you get posting in game forums political discusion you are surrouned from spoiled childs

[cupoftea]

Turkey should buy all the islands in the egean sea just to troll Greece

[Manuel I Komnenos]

Obviously. Nothing new. In fact this was the plan from the start. For German and French enterprises to buy everything in Greece, starting from the Electricity, Communications and Water sectors, to airports, military industries and naval yards and finally islands and ancient sites.

It is obvious that Greece cannot pay this sum of money and when they decided to lend us money, they knew this. The case wasn't of course that the Germans or the French cared about us and gave us money that they'd never again see in their lives. They will just acquire everything that generates money in Greece and control the economy.

I wonder how much the Pantheon would go for?

Wait, did Italy go bankrupt too?