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| Greek islands for sale? – report |
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The Greek government has decided that a part of the popular island of Mykonos, one of the country's most prominent tourist destinations, should be put for sale, in a desperate attempt by the state to generate some cash and fight its astronomical debt, the UK Guardian reported.
There are more than 6000 islands in Greece, of which only 227 are populated. The Greek government has been unable to develop basic infrastructure, or police most of its islands, thus foreign investment might be needed for that to happen. .
This could happen, either through a sale or a a long-term lease. The Private Islands website lists 1235-acre Nafsika, in the Ionian sea, on sale for 15 million euro, the report said.
The patch for sale is one-third owned by the government, which is looking for a buyer "willing to inject capital and develop a luxury tourism complex", the Guardian reported, citing a "trusted source close to the ongoing negotiations".
Property on the island of Rhodes, isalso being eyed up investors, mostly Russian and Chinese, the report said.
Russian and Chinese investors want to find suitable holiday destinations for their increasingly affluent populations in the Mediterranean country.
Greece was forced to accept a ?110bn bailout by the EU and the IMF last month, following a decade of overspending which has left the country's financial books in tatters.
Meanwhile, tourists travelling to and from Greek islands continue to be hit by strikes and the closures of the port, which, according to the Greek daily Kathimerini, are set to continue.
The Greek communist party KKE blocked access to ferries protest the government’s plans to lift cabotage restrictions.
Thousands of tourists were stranded at Piraeus and other ports around the country on June 24 after a 400 strong crowd of KKE and affiliated labor union Pame blocked the boarding ramps of several ferries during a 24-hour strike against austerity measures being pushed through by the debt-ridden government, the report said
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| Monday, Jun 28, 2010 |
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| » RENTALS |
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| Other |
€ 460 |
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| Location: |
Veliko Tarnovo |
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