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Greece was offered to sell its islands

Greece was offered to sell its islands

04 March 2010 17:09 (UTC +04:00)

Baku â€“ APA-Economics. Two German Deputies have today suggested that the Greek government, struggling to deal with the disastrous consequences of the crisis, sell some of its islands to pay off its debt. The Greek government must renounce its participation in companies and sell its landed property, such as uninhabited islands, Frank Schaffler, an expert in economics of the Liberal Democrats party, told. According to deputy Marco Wanderwitz if the European Union, and therefore Germany, helps out Greece economically, it will need to give something in exchange. Some islands, for example, might be a solution.

Greece’s deficit was 12.7 percent of GDP in 2009, well ahead of the EU’s 3 percent of GDP limit.

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