2015-07-14bloomberg.com

The government of then-Prime Minister George Papandreou in 2011 set the same financial goal, which it sought to achieve by hawking airports, seaports, and beachside real estate. Since then, such deals have yielded just 3.5 billion euros, according to the state privatization authority.

Here's another article, which goes more into the cultural ramifications of the proposed asset sales (which explains why they didn't happen, and are still unlikely to happen)...

"It's an affront," says Georgios Daremas, a strategist and adviser to the Greek Ministry of Labor, Social Security and Social Solidarity. "It's basically saying sell the memory of your ancestors, sell your history just so we can get something commercial for it," he tells TIME on Monday. "This is an idea to humiliate Greeks."



Comments: Be the first to add a comment

add a comment | go to forum thread