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As Greece Prepares To Auction Off The Acropolis, Austria Is Selling Its Mountains

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Tyler Durden
Zero Hedge
June 14, 2011

Have €121,000 lying around? Enjoy hiking in smallish central European countries with picturesque villages? Then this deal is for you. While its new European banker overlords are pushing Greece to sell off, pardon, “privatize” the bulk of its most monetizable assets, Austria has already seen the writing on the wall, and in a very proactive step, iss offering to see two mountain peaks in the Austrian Alps. From AP: “Two 2,000-metre (6,500-feet) mountain peaks in eastern Tyrol — the “Grosse Kinigat” and the “Rosskopf” — are up for sale for just 121,000 euros ($175,800) for the pair. On its website, Austria’s federal real estate company, the Bundesimmobiliengesellschaft or BIG, proudly boasts that the two peaks offer the “most stunning views of the Carnic Alps and are popular destinations for mountain climbers and hikers”.” As to why Austria is suddenly scrambling to sell mountains, nobody really knows: “”It’s a mystery to me why they’re wanting to sell the peaks right now,” the mayor of the tiny village of Kartitsch, Josef Ausserlechner, told the Austrian news agency APA. “In Greece, they’re selling off islands. In Austria, it’s the mountains,” he fumed.” Lastly, the reason doesn’t matter. What is certain is that some Goldman dodecatuple secret shell holding SPV will end up being the buyer. And where Greece and Austria have already ventured, so shall the rest of Europe boldly go very soon as the banking syndicate soon ends up owning literally everything.

From AFP:

Ausserlechner insisted the village of Kartitsch has right of first refusal, but could only afford to pay a symbolic price of “a couple of thousand of euros”.

Interested buyers have until July 8 to place their bids and, according to the regional daily Kleine Zeitung, 20 people had already done so.

But whoever the new owners turned out to be, “they won’t be allowed to fence them off. The public and hikers have right of way,” mayor Ausserlechner insisted.

The only two questions that appear relevant to us: does Austria have an extradition treaty with the US, and how much gold warehousing space is available under said mountains…

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This article was posted: Tuesday, June 14, 2011 at 3:41 am





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