Showing posts with label privatization. Show all posts
Showing posts with label privatization. Show all posts

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.


http://www.zerohedge.com/article/greece-prepares-auction-acropolis-austria-selling-its-mountains
"In Greece, they're selling off islands. In Austria, it's the mountains,"