Thursday, March 4, 2010

German MPs Call on Greece to Sell Islands

In the ongoing political and fiscal blow up in the EU over Greece, German MPs have called on Greece to sell some of its uninhabited islands to pay down its debt. (via)

"Greece should sell some of its uninhabited islands to raise cash to avoid bankruptcy, two German parliamentarians from Chancellor Angela Merkel's centre-right coalition suggested on Thursday.

"The Greek state must sell stakes in companies and also assets such as, for example, unpopulated islands," Frank Schäffler, a member of parliament for the pro-business Free Democrats, told the Bild daily.

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