It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
"Greece started to sell off its historic ports over the weekend as the financially challenged nation tries to raise $73.2 billion (EUR 50 billion) to qualify for the second tranche of its $159 billion (EUR 110 billion) bailout from the International Monetary Fund and the European Union."
Sources note that consultants for Athens International Airport have already appointed, while the proposed list includes:
• The concession of ports and airports with long-term contracts
• The extension of concession period for Athens International Airport
• The sale of a stake of Public Gas Corporation
• The sale of a 49% stake of Casino Mont Parnes
• The privatization of state lotteries through concessions
• Finding a strategic investor in Hellenic Post
• The sale of a stake of OTE, Hellenic Defense Systems and Larko
• Renewal of OPAP’s licenses
• Licenses for online betting and “slots”
• The concession of Egnatia Odos
• The sale of TRAINOSE
• The sale of state stakes in banks (Hellenic Postbank, ATEbank, Consignment and Loans Fund)
• The privatization of water supply companies (EYDAP, EYATH)
by (Reuters) , (Athens News Web) 5 Jun 2011 "Thieves - hustlers - bankers," read one banner as tens of thousands of people packed the main Syntagma square outside parliament to vent their frustration over rising joblessness as austerity bites, blaming the crisis on political corruption and government incompetence.
Originally posted by purplemer
This is a nasty scam and it is not going to stop at greece..
Originally posted by purplemer
This is a nastyt scam and it is not going to stop at greece..
Originally posted by lokdog
What gets me is it would seem over time that Greece would make more money by hanging on to these assets rather than selling them. Surley that lotto/gambling company must rake in the money if its anything like the casinos and lotteries in the US. Looks like they are trading away long term financial strength for a short term cash infusion, doesnt seem smart to me.