Greece doesn't want to sell assets to pay debt (my title)

tanea.gr ^ | 2/11/2011 | tanea.gr

[mewykwistmas]

My note: IMF /EU (read Germany) told today Greece to sell 50 Billion EUR (~65 Billion) in state owned companies, public and private if they want more loans from IMF /EU. Greece's answer? No thanks, we are not selling but we want more loans (that's we'll undoubtedly default on)

-----Via Google Translate-------
http://www.tanea.gr/default.asp?pid=2&ct=1&artid=4617799

Tough response to the Troika, which called for privatization of 50 billion euros by 2015 was the dawn in a written statement said.

The announcement made by the Government Spokesman George Petalotis on today's press conference of representatives of EU, IMF and the ECB is as follows:

The behavior of representatives of EU, IMF and the ECB in their present interview was inadmissible. We asked them to help and honor in full our commitments. We did not ask but there is nothing to interfere in the internal affairs of the country. We should all understand their role. And that would make it clear to all our partners.

We need but we have limits. And the limits of our dignity does not negotiate with anyone. Command takes only the Greek people.

Moreover, the government has repeatedly placed on the consolidation of public property, in terms of transparency, so that it contributes to development and to reduce public debt. In this made official announcements and detailed planning in depth for many years. It is clear however that the use of public property in no way means public land sale. Equally obvious is that for these decisions is the only competent Greek government.

[mewykwistmas]

The irony that the $140 Billion that was loaned to them was borrowed money too, by the likes of Ireland, Portugal, Spain, Italy and other struggling nations. Even Germany and France are deep in debt. So they want to borrow, not be told what to do and still keep major assets after they flip the finger to debtors /friends.

[oldbrowser]

typical deadbeats, they have no dignity to offend.

[DUMBGRUNT]

It has been suggested they sell some of the islands, they have way too many.
Too far for the Chinese but not for the wealthy Russians!

[mewykwistmas]

You need literally thousands of signatures from govt officials to built a decent resort so an island you can’t build on is useless. They could sell oil rights in the Aegean and all the companies they own (telecom, power, casinos etc) but I think they want to milk others for a long as they can, borrow even more and then default.

[reg45]

They could sell The Parthenon to Donald Trump who would convert it into a casino.

[EyeGuy]

Debtors lending to debtors.

Global musical chairs.

When the music stops, who is going to be left without a seat?

[mewykwistmas]

Debtors lending to debtors.

Global musical chairs.

When the music stops, who is going to be left without a seat?”

---

Some debtors are playing it as smart as they can now, assets or...get lost. Got the AFP version:
http://www.google.com/hostednews/afp/article/ALeqM5jMrvFV9_o4gxWBb3EPQ0V2N0DfJQ?docId=CNG.05f50962e91c5906726818f7488d1bdb.231
“Greek newspapers and opposition parties were equally scathing but many also took a swipe at the ruling Socialists for bargaining with the EU, the IMF and the ECB, the ‘troika’ supervising Greece’s recovery from near bankruptcy.

“The troika demanded and is taking away whatever it wants in (terms of) companies, water and land,” said the centre-left Eleftherotypia daily while pro-government Ta Nea was headlined: “The ‘bosses’ have gone crazy!”

“State property on debt altar,” commented the liberal Kathimerini daily while pro-conservative Eleftheros Typos said that Greece was “On Sale”.”