Saturday, March 03, 2012

Selling off Greece continues apace.

An article from CNBC, mainly concentrating Moody's downgrade and on the awful and worsening money shortfall in Greece,(€490 million in January against a  surplus of €154 milliona year earlier) also in its closing paragraphs reveals the real truth behind EU actions in that undertrodden and tightly controlled country:

On Friday it called for bids for the exploitation of one of its former Olympic Games venues, the International Broadcasting Center. Built to accommodate broadcasting facilities for the 2004 Games, the IBC has since been converted into a shopping mall. It includes a vacant area of 14,300 square meters (153,925 square feet) and an underground parking area of 7,300 square meters (78,577 square feet).

The country's Asset Development Fund issued a tender for the rights of exclusive use, management and exploitation of the facility for 90 years. The offer includes the area currently leased as a shopping mall under a 40-year agreement that expires in 2047, the fund said.

Greece hopes to raise 11 billion euros by the end of 2012 from a privatization drive started last year, and 20 billion euros ($26.9 billion) by the end of 2013. The original target had been to raise 50 billion euros by 2015.

Briton's should take note of what happens to a nation whose leaders cannot be trusted to respect the national interest and hand governance to Brussels for the sole benefit of their own cushy lifestyles and future advancement.



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