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Tuesday, September 11, 2012

DDDY Rises From The Ashes

ODDY, the Organisation for Public Property Management, the Greek government department tasked with selling off unwanted assets and property confiscated from criminals had been disbanded. Thus there is no means by which those assets can be turned into cash.

Ironically Reuters reports that ODDY, although it has been disbanded, still exists in another form. Out of the ashes DDDY has risen, DDDY is now the Directorate for Public Property Management and is an office of the Greek Finance Ministry.

The cost of salaries are now apparently being booked to pensions. However, because of the chaos caused by the closure and resurrection, DDDY is paralysed and assets are left to rot.

The future of the Euro is in the hands of people who have engineered this shambles!

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