Greek Liquidation Sale Begins: German Company Wins Privatization Bid For 14 Greek Regional Airports

Can you guess who gets the prize? That’s right, Germany’s Fourth Reich.

 

Greek Liquidation Sale Begins: German Company Wins Privatization Bid For 14 Greek Regional Airports

Who would have thought.

A German company, airport operator FRAPORT won the bid to operate and maintain 14 regional airports, considered to be top of the top in Greece. With an offer of 1.23 billion euro, the consortium of Fraport-Slentel (a unit of Greek energy group Copelouzos) won the bid to lease the regional airports for 40+10 years. Among the 14 regional airports are those on most popular tourist Greek islands like Mykonos, Rhodes, Kos, Santorini and Corfu. It is the first privatization deal under SYRIZA-ANEL coalition government and the biggest privatization deal in Greece since beginning of the crisis and the bailout programs in 2010.

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IMF Numbers Warn the Troika Has Destroyed the Greek Economy

The IMF on Thursday issued its own analysis on the Greek economy. The new debt forecast numbers have been raised in recent months and while the IMF analysis is never on point (way too optimistic), this tends to make the new number even more shocking. The entire idea of lending more and more money and raising taxes only reduces the economy, increases bad loans, and perpetuates inflation. All these policies ever do is promote bondholders at the expense of the population. This is why our Solution is so critical. Continue reading

Marine Le Pen Calls Greek Austerity Measures ‘Debt Slavery’

And she’s right when she says Greece is enslaved. Proverbs 22:7 will tell you the borrower is slave to the lender. Both sides in this story are corrupt to high heaven as the German-dominated Troika is working to raid the coffers of Greek citizens and make Greece its next vassal state — like it did Cyprus. On the other side, you have Communists in power in Greece who are bent on remaining in power at all costs, even if it means throwing their national sovereignty under the bus or allowing Russia and China to colonize the country in order to bail them out, or both.

What we might be looking at in the near future is a violent overthrow of Greece’s leadership and an installation of a more EU friendly group, because it can’t win either way: Caving into the EU or selling out to the Soviet-Sino axis. The Greek people will not stand for either, and either way, they lose. The loans are also mathematically impossible to pay back.

Come June 30th, we’ll find out more.

 

Austerity measures for Greece demanded by international creditors are debt slavery, the leader of France’s right-wing National Front party said on Wednesday.

MOSCOW (Sputnik) — Athens is currently attempting to unlock financial aid from its primary international creditors to avoid a default on its multibillion-dollar debt. Its current bailout program expires on June 30. Continue reading

ECB blocks banks from using Greek debt as collateral

FRANKFURT–The European Central Bank said Wednesday it would suspend a waiver it had extended to Greek public securities used as collateral by the country’s financial institutions for central bank loans. Continue reading

EU’s bailout program for Greece ‘dead’ – Syriza economist

The bailout program, which the outgoing Greek government signed with the EU, is dead and will be renegotiated, Yiannis Milios, chief economy policy maker at the leftist anti-austerity party Syriza said after it won the country’s parliamentary election.

European Union Finance Ministers are scheduled to meet in Davos on Monday, but Milios said that Greece’s current finance minister, Gikas Hardouvelis, will attend the gathering only to “close pending cases of technical matters.” Continue reading