By Robert Sproul
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2015 Jul 15, 10:18am
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"Greece May Have to Sell Islands and Ruins Under Its Bailout Deal"
"Of all the aspects of Mondayâ€™s bailout deal that Greeks found humiliating, nothing drilled into their sense of pride quite like their governmentâ€™s promise to sell off â€œvaluable Greek assetsâ€ to the tune of 50 billion euros."
Rumor has it that Lloyd "Beelzebub" Blankfein has Richard Landry at work on plans for converting the Parthenon into a shoulder season cottage once he gets title.
Bare assing on the grounds and peeing on the pillars of the Parthenon are Blankfein's dream. Hillary promised them to him if she wins the election.
Caligulan splendor won't do, it has to be ne plus ultra Caligulan splendor.
"what they are not asking for is a fire sale of Greek state-owned companies. They are not saying you just have to sell 50 billion worth of Greek companies and give us the money as soon as you can. They are transferring companies or bits of them into the fund and they are going to run those companies for profit and run those companies in a way that delivers maximum return possible," said Jim Leaviss, head of retail fixed income at M&G, the U.K.'s largest asset manager."
Apparently some assets are "state-owned companies" run by the Greek gov, i.e. where efficiency is probably the last goal on their list.
They're going to make them sweat. What a scandal!
"One likely source of said assets are the new bank shares that the Greek government will acquire with the money it will borrow from the eurozoneâ€™s bailout fund to recapitalize the countryâ€™s banks. "