Greece advised to sell islands
March 05, 2010 - Greece
Greece should sell some of its uninhabited islands to raise cash to avoid bankruptcy, two German parliamentarians from Chancellor Angela Merkel's centre-right coalition suggested on Thursday.
"The Greek state must sell stakes in companies and also assets such as, for example, unpopulated islands," Frank Schäffler, a member of parliament for the pro-business Free Democrats, told the Bild daily.
A member of Ms Merkel's own conservative CDU party, Marco Wanderwitz, said Athens should provide collateral for any money it receives from the European Union to help it out of its debt crisis.
'In this case, certain Greek islands also come into question,' added Mr Wanderwitz.
'We give you cash, you give us Corfu,' the Bild commented.
Greece has around 6,000 islands off its coast, of which only 227 are inhabited, according to the country's National Tourism Office website.
Source: AFP Via: Luxury-Insider