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ECB’s Stark: Greece may sell off assets of 300 bln euro

Posted by keeptalkinggreece in Economy

GOSH! Greece is a rich country! It has assets valued 300 billion euro! You may don’t know that, but Juergen Stark, Board member of European Central Bank, does!  In an interview to German Welt Am Sontag Stark claimed that

“The Greek government has shares in listed companies, it owns real estate. Experts estimate the sales potential at up to 300 billion euros.”

Given the fact that Greek debt is at least 330 billion euro, should the state sell-off  it’s last penny, it can decrease its debt down to silly 30 billion.

I assume, the country can also sell its 5million laborers to other countries, sell them off as slaves for 30 billion, export them as cheap labor. The sooner this sell-offs take place the better. The whole debt will be vanished in zero time.

And should the privatization of properties valued 50 billion euro be added, Greece can also make a profit out of the whole project!

However, the problem of paying the interest rates of the loan will still be open. How will come up for them? In this case they can sell some islands, mountains and lakes. Even private houses because the exported slaves won’t need them.

I can contribute with one porcelain toilet basin -incl water saving flush -, my archives,  one couch – slighlty damaged by cat- , ten crimis, one broken TV set, my grandma’s brand new full size denture, my collection of five brass fragrance bottles -from the Middle East -, a pair of  slippers decorated with pink feathers (fake),  a clay chicken and a parrot with broken tail (clay).

PS1. I forgot to mention that should Greece proceed to all these sell-offs, austerity measures would be unnecessary, right?

PS2. It turns PM George Papandreou was right in his precelection campaign of 2009 caliming “THERE IS MONEY!”

Read Stark’s full sell-off concept here