Idyllic islands, spectacular stretches of coastline, marinas and even a London embassy have been put on the market in the latest fire-sale by the bankrupt Greek government. <\/p>\n
As the condition of the new 8.8 billion bailout instalment from the Troika of the EU, the IMF and the European Central Bank, 70,000 state-owned assets will have to be sold off as the government struggles to boost revenue. <\/p>\n
Among the eye-catching items on the list are large swathes of the island of Rhodes, which has remained one-third state-owned since it was re-integrated into Greece following the Italian occupation of 1912. <\/p>\n
One of them is the Mandraki marina, once the site of the famous Colossus of Rhodes, a 98-foot statue that bestrode the harbour entrance and was regarded as one of the seven wonders of the ancient world. <\/p>\n
Foreign oligarchs have already been snapping up Aegean islands. <\/p>\n
The Emir of Qatar recently bought six islands for 7 million, whilst Russian billionaire Dmitry Rybolovlev bought Skorpios, once owned by shipping magnate Aristotle Onassis, as a present for his 24-year-old socialite daughter. <\/p>\n
Also to go under the hammer is the Royal Palace of Corfu, birthplace of Prince Philip, and numerous other state buildings, including the police headquarters in Athens, the ministry of culture, as well as the buildings that house the ministries of health, education and justice. <\/p>\n
The Greek Embassy in Holland Park, London, is also on offer to anyone able to meet the 22m price tag. <\/p>\n
Many of the assets have not been publicly priced, with the Greek government saying it is awaiting offers, but expects to generate from 150m-250m for the 150-hectare Afandou estate in Rhodes. <\/p>\n
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Cash-Strapped Greece Sells off Palaces and Islands<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Idyllic islands, spectacular stretches of coastline, marinas and even a London embassy have been put on the market in the latest fire-sale by the bankrupt Greek government. As the condition of the new 8.8 billion bailout instalment from the Troika of the EU, the IMF and the European Central Bank, 70,000 state-owned assets will have to be sold off as the government struggles to boost revenue. Among the eye-catching items on the list are large swathes of the island of Rhodes, which has remained one-third state-owned since it was re-integrated into Greece following the Italian occupation of 1912 Continue reading