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Greece ready to start selling islands to pay down debts

Greece ready to start selling islands to pay down debts

How long before we have to put the Grand Canyon up for sale?

Prime Minister Antonis Samaras, who will take his plea for more time for the Greek economy to Paris and Berlin this week, suggested his government could sell or lease some of the country’s islands to help revive a state-asset sales plan central to receiving international funds.

He told Le Monde newspaper in an interview published today that uninhabited Greek islands could be used to generate revenue, responding to a question on whether Greece would sell some of its islands.

“On condition that it doesn’t pose a national security problem, some of the isles could be used commercially,” Samaras said as quoted by the newspaper. “It would not be a case of getting rid of the isles, but of transforming unused terrain into capital that can generate revenue, for a fair price.”

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