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Nick Dearden – Greece is for sale – and everything must go

Why does this matter? First because it makes no sense to sell off valuable assets in the middle of Europe’s worst depression in 70 years.

I’ve just had sight of the latest privatisation plan for Greece. It’s been issued by something called the Hellenic Republic Asset Development Fund – the vehicle supervised by the European institutions, which has been tasked with selling off an eye-watering €50 billion of Greece’s ‘valuable assets’.

The fund was a real sticking point because the European institutions wanted to move it to Luxembourg, where they could keep a better eye on it. Anyhow, it’s still in Athens, and this document, dated 30 July, details the goodies on sale to international investors who fancy buying up some of the country.

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