Monday, June 13, 2011

As Greece Prepares To Auction Off The Acropolis, Austria Is Selling Its Mountains

With "austerity" imposed on Greece as a pre-condition for bailouts, "privatization" will also play a key role, as Greece sheds its assets in a fire-sale liquidation.  Austria already jumped the gun and is selling off mountain peaks.  This is how onerous debt levels can destroy the sovereignty of a nation, for those who believe that "deficits and debts" don't matter.
"In Greece, they're selling off islands. In Austria, it's the mountains,"

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