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Greece Should Sell its Islands to Reduce Debt: German Politicians

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  • Greece Should Sell its Islands to Reduce Debt: German Politicians

    Greece Should Sell its Islands to Reduce Debt: German Politicians

    11:20 - 05.03.10


    Greece should consider selling some of its uninhabited islands to cut
    its debt, according to political allies of German Chancellor Angela
    Merkel, reports BBC News.

    Two senior politicians in Europe's biggest economy, Josef Schlarmann
    and Frank Schaeffler, told Germany's Bild daily that the Greek state
    should sell stakes in all its assets to raise more cash.

    Greek PM George Papandreou is due to meet Merkel in Berlin later this
    week for talks about the crisis.

    Schlarmann is a senior member of Merkel's Christian Democrats and
    Schaeffler is an MP for the Free Democrats - the junior partner in the
    centre-right coalition.

    Both confirmed to the BBC that they wanted to start a debate about
    what Greece could do to help itself and bolster the battered euro.

    According to a poll published on Thursday, 84% of Germans think that
    the EU should not help Greece out of its debt crisis.

    Tert.am
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