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Greece puts its islands up for sale to save economy

Posted By admin On June 25, 2010 @ 3:58 am In World News | Comments Disabled

Elena Moya
London Guardian [1]
June 25, 2010

There’s little that shouts “seriously rich” as much as a little island in the sun to call your own. For Sir Richard Branson it is Neckar in the Caribbean, the billionaire Barclay brothers prefer Brecqhou in the Channel Islands, while Aristotle Onassis married Jackie Kennedy on Skorpios, his Greek hideway.

Now Greece is making it easier for the rich and famous to fulfill their dreams by preparing to sell, or offering long-term leases on, some of its 6,000 sunkissed islands in a desperate attempt to repay its mountainous debts.

The Guardian has learned that an area in Mykonos, one of Greece’s top tourist destinations, is one of the sites for sale. The area is one-third owned by the government, which is looking for a buyer willing to inject capital and develop a luxury tourism complex, according to a source close to the negotiations.

Potential investorsalso looking at property on the island of Rhodes, are mostly Russian and Chinese. Investors in both countries are looking for a little bit of the Mediterranean as holiday destinations for their increasingly affluent populations. Roman Abramovich, the billionaire owner of Chelsea football club, is among those understood to be interested, although a spokesman denied he was about to invest.

Full article here [1]

Greece puts its islands up for sale to save economy 150410banner1 [2]

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URLs in this post:

[1] London Guardian: http://www.guardian.co.uk/world/2010/jun/24/greece-islands-sale-save-economy

[2] Image: http://infowars-shop.stores.yahoo.net/inemnewwoord.html

[3] Greece Ready To Start Selling Its Islands: http://www.prisonplanet.com/greece-ready-to-start-selling-its-islands.html

[4] China slams Japanese PM’s obstinacy regarding his wrong position on Diaoyu Islands: http://www.prisonplanet.com/china-slams-japanese-pms-obstinacy-regarding-his-wrong-position-on-diaoyu-islands.html

[5] Japan, US call off joint drill to ‘retake’ disputed islands fearing backlash from China: http://www.prisonplanet.com/japan-us-call-off-joint-drill-to-retake-disputed-islands-fearing-backlash-from-china.html

[6] Pacific islands ‘growing not shrinking’ due to climate change: http://www.prisonplanet.com/pacific-islands-growing-not-shrinking-due-to-climate-change.html

[7] Chinese ships sail in waters of disputed islands: http://www.prisonplanet.com/chinese-ships-sail-in-waters-of-disputed-islands.html

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