Greece will proceed with the lease of 14 airports to Germany for 1.2 billion and a 51% stake sale of - Polidicks

[url]http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_01/05/2015_549625[/url] [QUOTE]Greece will proceed with the sale of stakes in strategic assets such as the port of Piraeus and 14 regional airports this year, according to Greek officials with direct knowledge of the matter. The Hellenic Republic Asset Development Fund, which sells real estate, infrastructure and other government holdings, will send on Wednesday a revised tender offer to investors, including China Cosco Holding Co, to solicit bids for a stake in the Piraeus Port Authority SA, according to the people who asked not to be identified because the information isn’t public. The fund is satisfied with an offer of 1.2 billion euros ($1.4 billion) for the lease of 14 regional airports in Greece from Germany’s Fraport AG, and expects to conclude the sale within a month, the people said. The decision to sell the stakes suggests that left-wing Syriza government is abandoning an earlier pledge to its electorate to block such privatizations amid efforts to secure further funding from international creditors as part of a 240 billion euro bailout. Greece, racing against time to prevent a cash crunch in early May, is intensifying talks with its euro-area partners to find a consensus on reforms and secure further aid. In February, Economy Minister George Stathakis vowed to scrap the sale of the port, even after five groups, including Cosco, Ports America Groups Holding and Utilco Emerging Markets Ltd, expressed interest to buy a controlling stake the company in June. Stathakis also said that the terms for the lease of the Greek airports would have to be drastically revised, adding that if the 14 airports were to be awarded to one company, there was “no way it will get through the Greek parliament.” Under the new terms of the port tender, investors will be invited to purchase a 51 percent stake in the manager of Greece’s largest port, instead of a 67 percent stake previously offered, and won’t be offered the management of services for ferries, which was part of the original tender submitted to investors last year, the people said. They expect to close the sale before the end of the year, they added. The government is also aiming to sell a 49 percent stake in Desfa to Socar, the State Oil Co of the Azerbaijan Republic, instead of the 66 percent originally planned, the people said. They had originally received an offer to buy 100 percent of the company from Socar but the deal was postponed in April following a probe by the European Commission. Greece is now considering how to proceed with future privatization deals, including selling minority and majority stakes in assets instead of selling them outright, the people said. [/QUOTE]

Oh so basically they're trying to sell anything profitable and p much indirectly "enslave" their own people, the same shit they're pulling off here for years now. [quote]In February, Economy Minister George Stathakis vowed to scrap the sale of the port, even after five groups, including Cosco, Ports America Groups Holding and Utilco Emerging Markets Ltd, expressed interest to buy a controlling stake the company in June.[/quote] Your typical Balkan politician. :^)

How much is Athens and Sparta selling for, I may start bidding

Sorry am I reading [url=http://en.wikipedia.org/wiki/Alaric_I]Visigoth[/url] history or is this modern day, I can't keep up anymore

such a shame that they are abandoning their election promises. bad day for democracy i guess

[QUOTE=Bobie;47641619]such a shame that they are abandoning their election promises. bad day for democracy i guess[/QUOTE] I don't think it's anything malicious, just that now they're in power they've realised there's not lot of options to get the country economically stable.

It still baffles me how people can fall for obvious propaganda that is just fried air. People have to look at things rationally. Greece has a long road ahead of it and has been like that for quite a while. Drastic actions must be taken. And yet there are people complaing that Tsipras wasn't strong enough or didn't respect what he promised.

[QUOTE=Emperor Scorpious II;47641562]How much is Athens and Sparta selling for, I may start bidding[/QUOTE] 3 Euro and 2 chicken eggs

and I thought this man was going to pull Greece out of debt and tell Germany to fuck off. [IMG]http://cdn.images.express.co.uk/img/dynamic/40/590x/secondary/Greek-finance-minister-Yanis-Varoufakis-arrives-at-10-Downing-St-251211.jpg[/IMG]

[QUOTE=Joseph Smith;47643681]It still baffles me how people can fall for obvious propaganda that is just fried air. People have to look at things rationally. Greece has a long road ahead of it and has been like that for quite a while. Drastic actions must be taken. [B]And yet there are people complaing that Tsipras wasn't strong enough or didn't respect what he promised[/B].[/QUOTE] And that's a completely valid reason to despise his guts. He failed to deliver what he promised. He shouldn't have promised that in the first place, but he knew he would never get elected then. It's completely his fault.

Yeah, Greece can't tell Germany to fuck off since the EU is currently bankrolling them, they're fucked without a serious amount of cash from either the EU or private companies.

[QUOTE=Spirit_Breaker;47643929]And that's a completely valid reason to despise his guts. He failed to deliver what he promised. He shouldn't have promised that in the first place, but he knew he would never get elected then. It's completely his fault.[/QUOTE] I'm sorry but if i promise rainbows and unicorns and i get elected who is at fault? Me or the people who believed me? Tsipras couldn't have lived to what he said, it was quite obvious. I'm still sure he is the best bet for Greece right now but people shouldn't be so surprised.

I wonder if they will ever fix their tax evasion-ridden tax system. It's like they don't want to get out of these dire straits and actually put some stick about in catching out those who rort the system. Public Asset sales are never a good thing.

[QUOTE=Hamsteronfire;47643923]and I thought this man was going to pull Greece out of debt and tell Germany to fuck off. [IMG]http://cdn.images.express.co.uk/img/dynamic/40/590x/secondary/Greek-finance-minister-Yanis-Varoufakis-arrives-at-10-Downing-St-251211.jpg[/IMG][/QUOTE] [img]http://i.imgur.com/UC1xvLD.png[/img] what?

[QUOTE=Impact1986;47643768]3 Euro and 2 chicken eggs[/QUOTE] 1 Euro and a rooster, final offer

[QUOTE=Spirit_Breaker;47643929]And that's a completely valid reason to despise his guts. He failed to deliver what he promised. He shouldn't have promised that in the first place, but he knew he would never get elected then. It's completely his fault.[/QUOTE] I'd say it's the fault of 2000'-2010 govts, and even earlier govts. [media]http://www.youtube.com/watch?v=PbxZB6HYY8k[/media]

Also remember that during the european negotiations, they were forced to keep up with the already confirmed privatizations. Is not like they are doing on purpose like before.

Balkan weekend sale ! [i]Up to 50% off on strategic infrastructure objects:[/i] - Port of Piraeus 50% off - airports in Greece 50% off - highways in Croatia 50% off ...

[QUOTE=AntonioR;47645388]Balkan weekend sale ! [i]Up to 50% off on strategic infrastructure objects:[/i] - Port of Piraeus 50% off - airports in Greece 50% off - highways in Croatia 50% off ...[/QUOTE] Highways in Croatia are also being sold ?

[QUOTE=godfatherk;47650507]Highways in Croatia are also being sold ?[/QUOTE] You mean we're not the only ones selling out highways for stocks?

[QUOTE=godfatherk;47650507]Highways in Croatia are also being sold ?[/QUOTE] [url]http://www.bloomberg.com/news/articles/2014-09-10/croatia-to-close-3-billion-euro-highway-deal-by-february[/url] Yes. Also AntonioR, add also slovenian highways.

HAH! we aint selling our highways! oh wait

I found $50 in a pot earlier, which bit of Greece can I buy?

For real though I'd totally buy an island in the Cyclades if given the ability.