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TOPIC: Greece to Auction Off Railways to Appease Banksters

Greece to Auction Off Railways to Appease Banksters 06 Apr 2013 21:23 #1

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www.ibtimes.com/greece-auction-block-cou...e-early-2014-1163849
The Greek government has been trying in recent years to sell everything short of its historic Parthenon in an attempt to climb itself out of a massive debt hole.

Now, facing mounting pressure from international lenders to speed up its national yard sale, the government has announced it would begin the tender to sell the Hellenic Railways Organization, known by its Greek acronym OSE, by the end of the second quarter.

Development Minister Costis Hatzidakis and Yiannis Emiris, managing director of Greece’s privatization fund, Hellenic Republic Asset Development Fund (HRADF), said the government would like to see an investor by the start of 2014 if not sooner, according to the Greek news site ekathimerini.com.
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Greece to Auction Off Railways to Appease Banksters 06 Apr 2013 21:45 #2

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Unfortunately, having used the 'service' a number of times, it needs investment and I don't see many Greeks objecting to losing that particular 'jewel in the crown'!
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Greece to Auction Off Railways to Appease Banksters 07 Apr 2013 12:40 #3

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In some sort of crazy parallel universe it would be possible to invest taxpayers money in improving the railways, instead of giving their money to bankers and then selling off the railways to the same people. And still being in debt to them at the end of it.
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