EU-IMF sets €50bn target for Greeks from asset sales

femur61

IN a move that will send shivers down the spines of many semi-state bodies in Ireland, IMF officials have told Greek officials that they could raise seven times more than previously believed by selling state-owned assets.
Greek Finance Minister George Papaconstantinou promised in November to raise €7bn from state holdings as European Union and IMF officials reviewed the nation's bailout agreement.
Now, the IMF and the EU say there's the potential to raise as much as €50bn. Raising the larger sum would reduce Greece's debt to 110pc of gross domestic product by 2020 from about 130pc without asset sales, the IMF estimates
http://www.independent.ie/business/european/euimf-sets-euro50bn-target-for-greeks-from-asset-sales-2546249.html

This is the eality of the situation. There are a lot of businesses closing down not because of IMF but because banks won't lend and people are not spending on luxery items any more. I fear if we don't meet our targets for the conditions set out in the bailout we will be forced to sell off state assets and ps workers and the private sector will feel the wrath of the conditions.

whoopdedoo

of course we'll all cry about it now and do feic all about it all over again when the time comes. the Greeks won't take this lying down so grab the popcorn, take your seat and watch what decent people do when their country is being pillaged by the "world" bankers!!!

RandolphEsq

What is the story with the Pantheon then as well as all the historical treasures, will they be up for grabs? On another note, does it have a value in monetary terms?

ilovesleep

whoopdedoo wrote: »

of course we'll all cry about it now and do feic all about it all over again when the time comes. the Greeks won't take this lying down so grab the popcorn, take your seat and watch what decent people do when their country is being pillaged by the "world" bankers!!!

Cheers! I think I'll book a flight to greece for a weekend away. Need to let of steam. Will look like a mad one shouting 'FIANNA FAIL - YOU TRAITORS', on the streets of greece.

silverharp

whoopdedoo wrote: »

of course we'll all cry about it now and do feic all about it all over again when the time comes. the Greeks won't take this lying down so grab the popcorn, take your seat and watch what decent people do when their country is being pillaged by the "world" bankers!!!

to be fair they pillaged their own country. They voted in governments that plundered from the future.

Duke Leonal Felmet

silverharp wrote: »

to be fair they pillaged their own country. They voted in governments that plundered from the future.

Nah, the REAL blame must lay with the evil bankers, in its entireity. It's far easier to blame some ambiguous, far-removed boogieman than accept even a shred of collective responsibility.

;-)

20Cent

This is the real plan of the IMF/ECB, print off more money and then take real assets at knock down prices in return. Its what they have done in every country. Anything sold off in Ireland needs to be boycotted and made inviable.

whoopdedoo

silverharp wrote: »

to be fair they pillaged their own country. They voted in governments that plundered from the future.

Duke Leonal Felmet wrote: »

Nah, the REAL blame must lay with the evil bankers, in its entireity. It's far easier to blame some ambiguous, far-removed boogieman than accept even a shred of collective responsibility.

;-)

what is wrong with ye people!!!

whoopdedoo

20Cent wrote: »

This is the real plan of the IMF/ECB, print off more money and then take real assets at knock down prices in return. Its what they have done in every country. Anything sold off in Ireland needs to be boycotted and made inviable.

how dare you speak against the nice people in the imf/ecb!! do you not know they didn't have a clue that this would happen and that they've only got the best interests of others at heart. shame on you :mad:

Chucky the tree

Fingers crossed Dublin Bus will be first to go and soon.

Duke Leonal Felmet

whoopdedoo wrote: »

what is wrong with ye people!!!

During the boom, I woke up one morning to find a €500,000 mortgage on my table. It appeared that those nasty boogiemen bankers crept into my house during the night and forced me to take a loan I could't afford (not to mention pushing a credit card on me which I was persuaded to spend on two skiing holidays). All while I slept!

Damn those crafty beggars! I bear no responsibility for this!

*shakes fist ineffectually at the sky*

whoopdedoo

Duke Leonal Felmet wrote: »

During the boom, I woke up one morning to find a €500,000 mortgage on my table. It appeared that those nasty boogiemen bankers crept into my house during the night and forced me to take a loan I could't afford (not to mention pushing a credit card on me which I was persuaded to spend on two skiing holidays). All while I slept!

Damn those crafty beggars! I bear no responsibility for this!

*shakes fist ineffectually at the sky*

come on now, if you looked at the whole bubble rationally you'd understand that the whole way of living etc was moulded and pushed along by the top heads, they knew most would follow if the impression was given the whole mess was sustainable, dont be on here tryin to blame us all for the mistakes of banks especially seeing as how the bailouts stop at the banks and are coming from all our pockets!!

it's a robbery disguised as debt due to greed but in fact we were all encouraged to spend until they wanted their money back!!

I'll ask again what the flip is wrong with all you people?!?

Duke Leonal Felmet

whoopdedoo wrote: »

come on now, if you looked at the whole bubble rationally you'd understand that the whole way of living etc was moulded and pushed along by the top heads, they knew most would follow if the impression was given the whole mess was sustainable, dont be on here tryin to blame us all for the mistakes of banks especially seeing as how the bailouts stop at the banks and are coming from all our pockets!!

it's a robbery disguised as debt due to greed but in fact we were all encouraged to spend until they wanted their money back!!

I'll ask again what the flip is wrong with all you people?!?

So encouraged means forced. Good to know.