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Friday, March 05, 2010

Olympic Sale

As the Greek financial crisis simmers "gently" there have been calls, perfectly serious ones, that Greece should hold an "Olympic" sale and sell some of its islands in order to raise much needed cash.

The calls for this Olympic sale, unsurprisingly, have come from Germany.

Josef Schlarmann, a senior figure in Germany's governing Christian Democratic Union party (CDU), said:

"What should a bankrupt person be doing?

Selling everything he owns to pay his creditors, that's what. For the Greeks that means buildings (eg Acropolis) and unpopulated islands

Needless to say the Greeks are none too impressed with these "helpful" suggestions, and it is fair to assume that they will add to the tensions surrounding the upcoming meeting between Angela Merkel and Greece's Prime Minister, George Papandreou.

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