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Germany is Reluctant to Pay for Greece's Financial Woes | |||
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The Greek Government Dismissed the Idea of Selling Historic Monuments or Islands.
Tehran, March 04, 2010 (Hamsayeh.Net) - Rich Germans told the Greek government it should soon consider selling some of its historic ruins and uninhabited islands to raise the necessary cash.
The process which if implemented would be like going to a pawnshop, has raised concerns over the health of European economies as a whole.
A senior member of the Christian democratic Union, Josef Schlarmann told a local newspaper, ’those in insolvency must sell everything to pay their creditors. Greece owns buildings, companies and uninhabited islands, which could all be used for debt redemption.’
Some German officials also suggested that Greece could sell the historic Acropolis ruin still standing on top of a hill in Athens. But an official of the government Dimitris Drostsas dismissed the suggestion saying it was not appropriate to bring it up at this time.
The country is suffering under heavy deficit unable to repay international debts. The government has just introduced a sweeping economic reform in order to save up to 6 billion euros by the end of this year. Greece was one the first European countries that followed America’s Neo-Liberal market restructuring plan, that became very fashionable during Clinton and Bush administrations following the Soviet collapse.
As a member of the European Union, Greece has applied for financial assistance from Europe’s largest economies like Germany. But it now seems that Berlin is very much reluctant to help Greece at this time. The biggest problem is if Germany starts paying the bills for Greece then there be other countries in Europe which are going to need similar treatments including Spain, Portugal, Ireland, Lithuania, Czech republic, Italy and so on.
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Some German officials have called on the Greek government to sell historic buildings and islands including the Acropolis in Athens
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