Germany Thinks Greece Should Sell Islands To Reduce Debt

March 4, 2010

Greece (ChattahBox) – With Greece facing an intense financial crisis and possible countrywide bankruptcy, Germany has suggested that some of their islands may be the answer.

Several MP’s across the political party board in Germany have stated that they believe the selling of uninhabited islands, such as Corfu, would be enough to stave off the economic devastation looming over Greece.

“The Greek state must sell stakes in companies and also assets such as, for example, unpopulated islands,” Free Democrats member, Frank Schäffler, was quoted as saying.

It has also been suggested that all money given by the EU should be placed directly into securing the gap made by the massive debt Greece has acquired since 2006.

Greece has taken a number of heavy measures to reign in the increasing deficit, such as cutting both public and private pensions, and sharply increasing taxes, causing an outcry from the Greek people.



One Response to “Germany Thinks Greece Should Sell Islands To Reduce Debt”

  1. M 4.9, Batan Islands region, Philippines (urn:earthquake-usgs-gov:us:2010tlac) | Quake Focus on March 4th, 2010 11:26 pm

    […] Germany Thinks Greece Should Sell Islands To Reduce Debt … […]

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