Greece begins sell-off to counter debt crisis

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Uploaded by on Jul 1, 2011

Greece's ruling socialist party has passed a second austerity bill needed to implement an austerity package to secure more funds from the European Union and the International Monetary Fund.

The vote saw 155 members of parliament voting in favour of the bill, 136 voting against and five abstentions.

The Greek government will now start to implement harsh cuts, but it also has plans to make money - many of which are proving to be controversial.

Athens wants to raise $72bn in the next four years by selling off state assets.

The state lottery, water companies, electricity and gas monopolies are among those up for grabs. Also for sale are leases on state property and property for tourist development.

Tania Page reports from Athens, the Greek capital.

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  • Fuck fuck fuck the banks. Fuck them off from you land.

  • The Chinese are ready to buy, do it like the French sold Louisiana, Russian sold Alaska......When you need money...sell it.

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  • The public land (such as islands and beaches) cannot be SOLD, that is clearly prohibited by the Greek Constitution and noone can disregard it or change it. That's absolutely impossible. Rent, fenced and utilised could be possible if the supreme court allowed it; and it won't.

    Some big companies can be sold and most of Greeks want them to be sold, cause simply the workers there are lousy and most of them, practically illiterate, covered by the former state of permanency and high payments.

  • how else could they buy this land? they needed a plan and the greek goverment helped them make it real

  • WTF SELLING PUBLIC LAND? What's next? Paying different owners for each block of pedestrian side walks? All of those crazy nut heads calling for smaller government and larger private sectors...what private companies ever do to help the homeless people on the street? You can argue to decrease homelessness but never can you actually grant help for the homeless ppl that are already out there hah.

  • WHEN PARLIAMENT IS ON SALE WILL IT BE MORE THAN 10 DOLLARS CASH IN HAND ? HAHAHAHAHHAHAH

  • Greek debt crisis? Greece have everything we didnt need anything to borrow. Who the fuck started to borrow people? I dont think so. Everything is a fucking big plan that fucks countries like spain, greece, portugal, italy and so on (other will come dont worry), for money. They fuck us for power and money but they fuck with the wrong country/countries. They want us to OBEY and they know that the greek nation through history was the difficult one to OBEY. But they are still trying fuckers.

  • @ashutoshmikku and the treaty runs out next year you will lose Macedonia. so dont sell that land. its not yours.

    BUYERS BEWARE

  • @FuckTaiwanShitEater

    you little pontusian fool. you call all that comment "anti" you ignorant little beggar.

  • i wouldnt invest. they do not keep there word.

    .5 trillion dollar debt and only 10million of them.

    thieves is the only discription for hellsass.

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