Greece Should Sell its Islands to Reduce Debt: German Politicians

Greece Should Sell its Islands to Reduce Debt: German Politicians

11:20 – 05.03.10

Greece should consider selling some of its uninhabited islands to cut
its debt, according to political allies of German Chancellor Angela
Merkel, reports BBC News.

Two senior politicians in Europe’s biggest economy, Josef Schlarmann
and Frank Schaeffler, told Germany’s Bild daily that the Greek state
should sell stakes in all its assets to raise more cash.

Greek PM George Papandreou is due to meet Merkel in Berlin later this
week for talks about the crisis.

Schlarmann is a senior member of Merkel’s Christian Democrats and
Schaeffler is an MP for the Free Democrats – the junior partner in the
centre-right coalition.

Both confirmed to the BBC that they wanted to start a debate about
what Greece could do to help itself and bolster the battered euro.

According to a poll published on Thursday, 84% of Germans think that
the EU should not help Greece out of its debt crisis.

Tert.am