Debt-choked Greece looks to sell off islands, marinas and more

Hellenic Republic Asset Development

The Afantou property consists of two neighbouring beachfront land plots located in the Afantou area of the island of Rhodes. The Rhodes International Airport, the city of Rhodes and the Rhodes Hospital are only 20 km away. Both plots are very close to the Rhodes-Lindos Highway, the major road artery of the island.

Got some cash to spend? How about a piece of the Greek islands of Rhodes or Corfu? Or a royal palace, a marina, or even a consulate building?

As Greece is struggling to appease international lenders and live up to the conditions of its bailout, the debt-choked nation is speeding up the sale of state assets by expanding its privatization program.


Hellenic Republic Asset Development

International Broadcasting Center (IBC – Golden Hall) in Athens, Greece.

Greece’s state fund (Hellenic Republic Asset Development Fund or HRADF) now has more than 70,000 state-owned properties on offer for investors and it aims to generate 19 billion euro ($24.5 billion) by 2015 via the sales.

The state’s properties include a 119,800 square-meter peninsula with a palace hotel complex and a marina, a 450,000 square-meter area in Rhodes with an 18-hole golf course and four miles of beach, a coastline in Corfu, an airport area in Athens and the 2004 Athens Olympics broadcast center.

CNBC: World’s biggest debtor nations

Apart from land areas, Greece is also offering its government buildings. Greece's ministries of justice, health, education and culture are seeking to rent out some of their buildings, and although the country is coping with rampant tax evasion, 13 of its tax offices are on offer for privatization as well.

Last week, Greece completed its first privatization deal by leasing the International Broadcast Center, used during the 2004 Olympics, to development group Lamda. The group is paying 81 million euros ($104.7 million) to lease the 73,000 square-foot area for 90 years, a price Odisseas Athanassiou, CEO of Lamda Development, said is “fair.”
“The deal made financial sense,” Athanassiou told CNBC, and rejected rumors that the agreement was made to please Greece’s international lenders.

CNBC: Which country has the lowest debt in the euro zone?

But Sam Zell, U.S. real estate mogul and chairman of Equity Group Investments, told CNCB that a similar retail property would cost “dramatically less” in the United States and added that he was not familiar with the Greek commercial real estate market.

Privatization wobbles
Greece’s plans to launch a privatization program have been postponed several times because of the country's political uncertainty, but a source at the state fund told CNBC it is ready to make up for this “wasted time.”

CNBC: Spain finance minister’s ‘no bailout’ remark sparks laughter

So far the privatization fund has raised less than a tenth of the targeted amount. Investors have not been rushing to lease the state’s assets because of the “fog around the Greek economy” and worries the assets could be devalued further if Greece were to exit the euro zone.

Lamda CEO Athanassiou described the program as Greece’s last chance to be a successful country.

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He also noted that the Greek government has not exploited the full potential of its tourism and new energy industries.

“There are so many resources and opportunities in Greece. It's not a matter of a poor performing private sector or a lack of resources, but how the state is operating,” he said.

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wow! what a racket. i can only imagine the "investors".maybe the world bank.theyre buying up all kinds of lands.hmmmm.

  • 2 votes
#1 - Mon Oct 8, 2012 9:54 AM EDT

Coming soon to a country near you. I can hardly wait to have my own geyser-front property in Yellowstone.

  • 14 votes
#1.1 - Mon Oct 8, 2012 10:17 AM EDT

Yellowstone wouldn't be up for grabs. If there's oil there, the GOP would rather have a oil pipeline replace old faithful anyday.

  • 12 votes
#1.2 - Mon Oct 8, 2012 10:57 AM EDT

We should buy one of those islands. Make a nice Mediterranean base for us without having to accommodate host nation sensibilities. Slap a runway on it, along with a few administrative buildings and some fuel storage, and we'd be good to go.

  • 13 votes
#1.3 - Mon Oct 8, 2012 11:08 AM EDT

Why don't they privatize the collection of the taxes ? Heck, turn it over to the Greek Mafia, they usually don't have any problem with collections.

  • 4 votes
#1.4 - Mon Oct 8, 2012 11:18 AM EDT
Comment author avatarhungrymongooseExpand Comment Comment collapsed by the community

Take a good look people. This could be us very, very soon. I mean we could very easily be in the same boat as them as soon as tomorrow, like, having to give the Chinese a 50 X 50 square mile tract of land with a silver mine on it (all of which would be Sovereign Chinese territory) just south of Boise, Idaho. I mean just tomorrow we could be giving multi-billion dollar deals, free of charge, to the Chinese through 600,000 acres of oil lands, involved with handsome shares, in South Texas -- for them to continue to be able to loan the money to us the way that they do. Or just tomorrow, Chinese companies could be headed to Toledo, Ohio, (whom being state owned companies) "buying" up multi-million dollar businesses, and looking to do so one after another there.

(It's time to pay the piper.)

Wake up America!

Romney 2012!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • 12 votes
#1.5 - Mon Oct 8, 2012 11:41 AM EDT

I would like to purchase the island of Lesbos. I am a male but I've always felt like a lesbian.

  • 7 votes
#1.6 - Mon Oct 8, 2012 1:18 PM EDT

Sounds like an ideal location for an airbase or missile installation

  • 4 votes
#1.7 - Mon Oct 8, 2012 1:31 PM EDT

Now dirtydog that is funny! It's too bad that Greece is succumbing to the vile and corrupt Federal Reserve and their minions.

The United States is in line to get our country foreclosed upon, just like what’s happening to the European countries. The entire banking system is corrupt and rigged and the rating agencies are insignificant. Spain is the next Greece. It is just one of the dominoes that is falling as the money junkies move in to buy countries for pennies on the dollar who are involved with the Federal Reserve.

The governing elite of psychopathic bankers/Federal Reserve, Wall Street, corrupt politicians, and powerful mega-corporations create crises, then save us from the crises they created, while accumulating more control, wealth and power. This perpetual swindle has been going on for decades and has reached its zenith. This demented psychology is called Problem – Reaction – Solution. The take over of Europe and the rest of the world’s ecnomies has been planned for a very long time.

It is time to remove and arrest this criminal cabal that has enslaved humanity.

I think most people have figured out that Wall Street is one of the most corrupt and ethically deprived institutions on our planet. I think most people also know the media is bought and sold just like most politicians. We also know that Wall Street is one of many tools of the elite but not the main tool. What is very clear is that our financial system has an architect and carefully designed plan that is playing itself out in Europe.

The International Monetary Fund (IMF) is very brazen in its fear mongering that we have lost a decade economically. Especially since the IMF has been one of the biggest contributors to perpetuating the instability of the European crisis. The dominoes are beginning to fall in what is an orchestrated attempt by the banksters to consolidate Europe and eventually the rest of the world’s economies under one umbrella that is to be controlled by those that have always controlled currency and money. The most egregious aspect of this contrived extortion is that they are blaming the people who are the backbone of any economy instead of their greedy corrupt political and business leaders.

George Papandreou was pressured to quit because he lapsed into a morally and ethical responsible position by trying to give the people of Greece a say in their economic future through a referendum. This vote would have given the Greek people the choice to stay in the Euro zone and allow their country to be foreclosed upon by the banksters or leave the Euro regain their sovereignty and coin their own currency once again. The IMF bullied the smallest country as a litmus test for what is going to be a much more challenging foreclosure process when it comes to the larger economies. Spain and Italy are now in the cross hairs. This dilemma you are watching unfold goes to the core of the rotten apple that is the world’s financial system.

Folks, you are witnessing the death throes of a desperate corrupt financial system where the stock markets and the fractional reserve banking system are at its core. The volatility in the stock markets are a microcosm of the greed, theft and corruption that has perpetrated all aspects of our and other countries economic systems. In the United States, It doesn’t matter who’s in office. Our political system has turned into a two headed one party system with both parties serving their masters, Wall Street and the banksters/Federal Reserve. The stock market is just another ponzi scheme whose intent is to fleece the gullible at the bottom of the pyramid. The stock market is a rogue element of a financial system that is meant to funnel the wealth to the elite/banksters who soicopathically control our financial lives. It is reaching a point where there is nothing more to take from the 99% of the world. The banksters would separate you from your rainy day fund if they could gain access to your shoe box or secret compartment in your purse or wallet. The stock market isn’t the main problem; it’s the fractional reserve banking system that has set the foundation for outright theft. We are experiencing the biggest bank and investment robbery in history and the banks and financial institutions are doing the robbing. When you blame one political party or another they have you right where they want you, in fear, divided and distracted to the theft that is going on right in front of your eyes each and every second of the day.

When you have people on Wall Street day trading and speculating making half a million dollars a year in their twenties betting on people being foreclosed on, you need to ask yourself what is the true purpose of our banking system? At the moment it is largely a theft on the American public. MF Global CEO, ex Goldman Sachs CEO John Corzine knows this and knows that nobody with his connections have served any time for stealing the investor’s money (1.6 billion at last count). The financial system’s main mission should be to allocate capital to areas of greatest growth in the real world economy. Yet they allow all kinds of broker speculation and financial gimmicks such as the derivative markets which are based on non-realistic side bets which are now in the quadrillions. The derivatives market was illegal for most of the 20th century.

The European banking crisis is a prime example of what is going to happen to all economies associated with stock market fraud and the Federal Reserve banking system. The financial strife in Greece is the model that will befall most countries. Greece is but a symptom of a cancer that has attached itself to the world’s economies. The Federal Reserve (which is neither federal nor a reserve) has been creating money (monopoly money) out of thin air and charging interest on it insuring a debtor economy for anyone who chooses or is forced to get involved with the Federal Reserve and their fractional reserve banking system. That is why this whole European or any countries current debt crisis will never be resolved and will be preyed upon by the stock market vultures. The Federal Reserve System is designed to cause economies to fail.

If someone loans you two dollars to run your economy and expects three back for the loan and interest how are you going to pay the third back? You can’t unless you borrow more dollars which puts you in perpetual debt and in a constant borrowing cycle to pay off the debt. This is designed not accidental.

Here’s the kicker, once the Federal Reserve/banksters have you struggling to pay off your interest, they send in their loan sharks the International Monetary Fund (IMF). The IMF will loan you money to cover your ever burdening interest payments but they attach a provision that if you default, you will have to give them your assets in what they call privatization (foreclosure).

Since the interest is exponential, you will default and the banksters will come in and try to foreclose on your country, like Greece, Spain’s next. They are being told to sell off their own country to pay back the people who caused the mess to begin with. This allows the elite to steal your intrinsic valuable assets because they gave you paper (loans/debt) and the interest on the debt that is systematically impossible to pay back. This also allows the parasitic stock speculators to profit from this designed theft. They not only know the outcome of an economy, they can gamble on the economic bubbles at the investor’s expense. This cancer goes all the way down the food chain.

In the United States case, it doesn’t have to be that way. In our constitution, in Article 1, Section 8, it stipulates that we can “coin money” as a nation and avoid the Federal Reserve’s interest (fee charged on loans) black hole.

So don’t be fooled that the Europeans can come to grips with their financial debt, it’s impossible, it’s a designed virus that has spread around the globe. The Europeans are now replacing their leaders with technocrats/ex Goldman Sachs banksters. These people haven’t been elected by anybody. The stock market vultures will continue to contrive “financial instruments” (credit default swaps/credit derivatives) to defraud the people of the world.

The Federal reserve at the end of the day, is just another private company and its debts are NOT the debts of America or the American taxpayer. What we are looking at folks, is the demise of the most vile and corrupt institution ever put on Earth

Banks, Central banks, World Bank, BIS, IMF = Federal Reserve = Debtor economies, Debtor Nations (economic slaves) and carrion for the stock market derivative heist.

  • 7 votes
#1.8 - Mon Oct 8, 2012 2:13 PM EDT

Some one please burst into Obama's reelection committee meeting and yell, "location, location, location..." This will be cheaper than all we paid for that airstrip in Bagdad.

  • 3 votes
#1.9 - Mon Oct 8, 2012 2:20 PM EDT

TRUST...very very well said.all i said was, what a racket.but you hit the nail squarely on the head.

  • 2 votes
#1.10 - Mon Oct 8, 2012 2:25 PM EDT

This could be us very, very soon. I mean we could very easily be in the same boat as them as soon as tomorrow, like, having to give the Chinese a 50 X 50 square mile tract of land with a silver mine on it (all of which would be Sovereign Chinese territory) just south of Boise, Idaho

What's this fixation on China? China owns just about 3% more US debt than Japan (and that margin is shrinking).

  • 3 votes
#1.11 - Mon Oct 8, 2012 2:54 PM EDT

Trust, just grow up. It is called spending past your means. If you cant pay it back dont borrow it. I am sick and tired of those blameing the banks for their failure to be able to pay back a loan. Once again, live within your means, if you cant afford it comfortably dont buy it. No one has forced anyone to sign on the dotted line. What is evil Trust is that millions of healthy Americans live off the backs and hardwork of others.

  • 6 votes
#1.12 - Mon Oct 8, 2012 3:02 PM EDT

What the Nazis couldn't accomplish with their war machine in April 1941, they've pulled off 71 years later with their banks.

  • 3 votes
#1.13 - Mon Oct 8, 2012 3:48 PM EDT

hungrymongoose

China and Japan cut us off last month when we got our second credit downgrade. Since then Obamas been printing funny money to pay the bills. We will be bankrupt next year so hang on. I feel sorry for the 47%. They will be warming theirsevles under a bridge by a nice pallet fire roasting Big Bird for dinner.

FORWARD???????

  • 4 votes
#1.14 - Mon Oct 8, 2012 3:51 PM EDT

"Buy the USA from Wall Street Today, Prez Romney will soon be making that the call"

    #1.15 - Mon Oct 8, 2012 3:57 PM EDT
    wire557Deleted

    Obama just blocked a company from China from purchasing a wind business that is near a US Airforce airport and now they are SUING !!!!!

    • 1 vote
    #1.17 - Mon Oct 8, 2012 4:19 PM EDT

    @Janet Anderson

    Not to mention Obama propose a bill TWICE to put more taxes on companies that ship job oversea and you guess it. GOP blocked that bill TWICE.

    • 3 votes
    #1.18 - Mon Oct 8, 2012 4:51 PM EDT

    Hey guys I just bought something called the "Parthenon" from the Greek government paid 2 thousand dollars for it they wanted 2500 but I wouldn't budge...............did I do ok? I just hope it isn't something really old and run down.

    • 4 votes
    #1.19 - Mon Oct 8, 2012 5:26 PM EDT

    gtouch

    Get an engineers inspection first, hopefully the purchase is contingent on that report :)

    Who was the real estate agent, Achilles?

    I wonder if a Greek Bank will underwrite a mortgage for me without an income check and that I can walk away from?

    • 4 votes
    #1.20 - Mon Oct 8, 2012 6:53 PM EDT

    HungryMoose, the Chinese or anybody else would be strained enormously to find much in the way of multibillion dollar businesses in Toledo OH.

    • 1 vote
    #1.21 - Mon Oct 8, 2012 7:03 PM EDT

    Hello Dennis, with sheeple like you the elite can get away with anything. You would be the first to bend over at airports and public places if the presstitutes reported a suppository bomber was found. Wake up and quit being part of the problem!

    Dennis how is money created? Who creates it and who is liable for it? Don't know do you? If you did you wouldn't have made that last post. Ignorance is bliss and those that were left behind should pay attention and learn!

      #1.22 - Mon Oct 8, 2012 10:08 PM EDT

      @ Gtouch

      I think you should have haggled more. I heard that thing is really old, so you probably overpaid.

      • 2 votes
      #1.23 - Tue Oct 9, 2012 8:09 AM EDT

      China and Japan cut us off last month when we got our second credit downgrade.

      Really? Is that so? Then why does foreign money continue to flow into the US? Foreigners may not like our economic policies, but there's really no other place that can absorb large amounts of investment with relative safety.

      I'm not saying that things don't need to change. But, this "woe is us, the Chinese own everything" attitude is not only factually incorrect, but counter-productive.

        #1.24 - Tue Oct 9, 2012 11:40 AM EDT

        Seriously, Greece should not sell pieces of itself. No country should have to do that. They should do what we did in 1776 to the British. I am sure there are those that would help them in such an effort.

          #1.25 - Tue Oct 9, 2012 2:08 PM EDT

          Hello Empress, you are right! In 1971 when Nixon took us off the gold standard we for all intents and purposes outright defaulted. Gold was pegged to the dollar at 35 dollars an ounce. When France saw that we were creating more dollars than we had gold to back it up they asked for their gold back and Nixon wouldn't allow it. I agree Greece should leave the Euro.

          • 2 votes
          #1.26 - Tue Oct 9, 2012 3:12 PM EDT

          This is what happens when you have a free spending government (GOP) and a government that either won't collect the taxes (Greece) or a government that won't tax (GOP). Mitt Romney=George Bush III.

            #1.27 - Sat Oct 20, 2012 2:36 PM EDT
            Reply
            Comment author avatarMOMINNJ-6679824Expand Comment Comment collapsed by the community

            I wonder if Obama will sell off the Hawaiian Islands if he completes our Greek-like journey towards insolvency?

            • 10 votes
            Reply#2 - Mon Oct 8, 2012 10:31 AM EDT

            I wonder if the GOP has plans to sell of states that traditionally vote Democrat. After all, it would pay for Romney's war plans in Syria.

            • 6 votes
            #2.1 - Mon Oct 8, 2012 10:57 AM EDT

            Gladly sell the cesspool of Calif.!

            • 8 votes
            #2.2 - Mon Oct 8, 2012 11:28 AM EDT

            Better check the real estate records.... the Japanese already own the Hawaiian Islands... well except for Lanai...

            • 1 vote
            #2.3 - Mon Oct 8, 2012 12:40 PM EDT

            Cystal-

            California grows a huge amount of food for the US... Do you eat citrus, nuts (of all kinds), stonefruit, grapes, lettuce, avocados, cheese, etc etc... Probably better off selling Mississippi or Arkansas...

            • 1 vote
            #2.4 - Mon Oct 8, 2012 2:29 PM EDT
            wire557Deleted
            Reply

            This is a bad idea Greece. You can't pay back your loans, simply default.

            • 3 votes
            Reply#3 - Mon Oct 8, 2012 10:41 AM EDT

            Some of the privatization does make sense, but I think you are right. They will eventually default and go back to the drachma--similar to Argentina.

              #3.1 - Mon Oct 8, 2012 3:11 PM EDT

              They don't have to default. They can go back to the Drachma and revalue all debts in the new currency, using whatever exchange rate they want.

                #3.2 - Mon Oct 8, 2012 3:38 PM EDT

                That would be stupid & dangerous. What do you think Spain, Italy, Portugal, Ireland, etc. would do? If they figure they can default, it creates a moral hazard, and anarchy would follow.

                  #3.3 - Mon Oct 8, 2012 4:54 PM EDT

                  If you are going to the drachma to help stimulate your economy there is no point in paying your old debts off. Why continue to transfer resources out of a weak economy to make your creditors whole. In the future, creditors should be more careful who they lend to.

                    #3.4 - Mon Oct 8, 2012 9:07 PM EDT

                    If you are going to the drachma to help stimulate your economy there is no point in paying your old debts off.

                    Why? Because some of that debt is owed to Greek citizens, who would be better off being paid in drachmas than not at all.

                      #3.5 - Tue Oct 9, 2012 11:37 AM EDT
                      Reply

                      Why don't they just lower taxes? That's the republican solution for fixing the economy.

                      • 11 votes
                      Reply#4 - Mon Oct 8, 2012 10:53 AM EDT

                      That would be a good idea. Sam Adams what would you propose? How's the brewery by the way?

                      • 2 votes
                      #4.1 - Mon Oct 8, 2012 11:15 AM EDT

                      Or they could see how fast they can continue to spend money. I'm sure the Dems know what they are doing. Face it if you think either party has any idea how to stop this you need to pull your head out and take a breath cause your about to pass out.

                      • 1 vote
                      #4.2 - Mon Oct 8, 2012 11:20 AM EDT

                      They can't lower them, because nobody pays them anyways, you can't go lower than 0 ...

                      • 3 votes
                      #4.3 - Mon Oct 8, 2012 11:21 AM EDT

                      Perhaps they should just reign in the out of control entitlement spending... NOT let people retire at 50... oh, that's right, I forgot... Socialists would rather see countries go into the cesspool than do the sensible thing....

                      • 5 votes
                      #4.4 - Mon Oct 8, 2012 12:42 PM EDT

                      i really try not to lean too far left or right, so as not to get top heavy and fall over; but do any of you really believe the Federal Reserve and IMF care if you are democrat or republican? It's not the 47% they are after; it's the other 52% (that only leaves 1% for those mathematically challenged)! the economy, by any name, is not "trickle down" like a funnel, but built more like a pyramid...on the backs of slaves. While the sheep run left and right the predators feast on us one at a time, patiently waiting while we divide the herd for them. trustverify said it best, i just thought i would paraphrase for those tempted to overlook those long, scary facts.

                      • 2 votes
                      #4.5 - Mon Oct 8, 2012 2:52 PM EDT

                      Somehow I knew this would happen. Goldman Sachs and the morgage frauds all over the world and Capitalisms hatred and fear of Socialist nations. Dump them and buy the property. Same as homeowners in USA. What dangerous times we live in.

                        #4.6 - Mon Oct 8, 2012 3:17 PM EDT


                        FedUp . . Did you know that over 25% of Greeks Debt is from MEDICAL COSTS of their entitlement programs?? (NPR, John's Hopkins Colloquim and various other sources).

                        If you had to chose between some islands and my knee surgery I hope,you would CHOOSE ME!!! He'll, it doesn't matter I've got the politicians and AARP, etc behind me!

                        OBAMA/BIDEN 2012 . . . KEEP ME ALIVE, TAX EVERYONE & SELL EVERYTHING!!!! : )

                        • 1 vote
                        #4.7 - Tue Oct 9, 2012 6:07 AM EDT

                        They can't lower them, because nobody pays them anyways, you can't go lower than 0

                        Someone should tell that to Mitt, GE and the other US companies that pay no taxes while making billions.

                          #4.8 - Sat Oct 20, 2012 2:41 PM EDT
                          Reply

                          Maybe my math is off, but 450,000 square meters is about a city block. How they crammed in an 18 hole golf course and 4 miles of coastline into that may explain how they got into so much economic trouble.

                          • 1 vote
                          Reply#5 - Mon Oct 8, 2012 11:04 AM EDT

                          do-able... but it would be one skinny strip of land... 4 miles is ~6000m, so the average width would be 76 m. Fortunatly the typical golf course is a bit less than 6000m long...

                            #5.1 - Mon Oct 8, 2012 12:50 PM EDT

                            yuppers macallen,, you better rethink your math 9,000 m x 5,000 m is 450,000 sq m. the average city block is 500 ft x 500 ft which is approx, 160m x 160m

                              #5.2 - Mon Oct 8, 2012 1:45 PM EDT

                              Your math is off. 450000 is 670 meters, or a little less than half a mile, squared. That's about 20 city blocks in Manhattan. Four miles of coastline is probably inaccurate but an 18 hole golf course is easily doable.

                              In the end it doesn't matter because as soon as the Greek government has spent the money, they'll start threatening to nationalize the properties again.

                              • 1 vote
                              #5.3 - Mon Oct 8, 2012 1:45 PM EDT

                              450,000 sq m = 111 acres, a lot more than a city block..and just enough for an 18 hole golf course and a club house and a small resort. You pretty much need an absolute minimum of 90 acres to fit an 18 hole course, so you'd have up to 21 acres to do everything else in, which is more than enough.

                              Note that traditional golf course configurations required up to 160 acres for 18 holes, but it's possible to compress that down to 90 by folding the links.

                              • 1 vote
                              #5.4 - Mon Oct 8, 2012 3:00 PM EDT

                              you guys got it all wrong, see, you tee off from green #2, while the others tee off for green # 1, that way you have 2 holes on the same fairways! That way you compress an 18 hole golf course into a 9 hole course!

                              body armor and helments are a must!

                                #5.5 - Mon Oct 8, 2012 3:06 PM EDT

                                It's still unclear how 450,000 sq m can comprise 4 miles of coastline and an 18-hole golf course.

                                The simplest case is a rectangle with an area of 450,000 sq m,

                                With a coastline length of 4 miles [4 x 1760 x .9144 = 6434 metres], the width becomes 70 metres.

                                Unless you place the tee in the sea, it doesn't seem plausible to constrain an 18-hole golf course within a narrow strip of land 70m wide

                                • 1 vote
                                #5.6 - Mon Oct 8, 2012 5:56 PM EDT

                                Your math is off. 450000 is 670 meters, or a little less than half a mile, squared. That's about 20 city blocks in Manhattan

                                Not in GOP MITT math.

                                  #5.7 - Sat Oct 20, 2012 2:43 PM EDT
                                  Reply

                                  Sam Adams: Greece's problem is not about taxes. It's about incompetent socialist government. You know, like the type "O" the Clown wants us to have.

                                  • 10 votes
                                  Reply#6 - Mon Oct 8, 2012 11:17 AM EDT

                                  I don't know where you got your opinions, cryder but it sounds like commercial propoganda. Greece got taken over by GoldmanSachs frauds. They got sucked into all the phoney paper for sale. Even morgages from the USA. These guys sacked them purposely with this land grab in mind. Its called Economic War for Control by "The Market System". If you don't play, the big guys will take you away.

                                  • 2 votes
                                  #6.1 - Mon Oct 8, 2012 3:24 PM EDT

                                  So, the massive bail out for banks, the price fixing rate scam started with Britain and the massive housing bubble, those are only localize in Greek?

                                  Nice way to spin it, it happens globally and you know who receive the massive welfare money from government in these countries including the US? Corporations and banks, that's who.

                                    #6.2 - Mon Oct 8, 2012 4:55 PM EDT

                                    cryder... like it or not, "O" was put in office by (gasp!) majority vote. That would be, you know, the majority of the American people. Can you say "majority vote" without dribbling all aver your bib? BTW, he didn't have to steal it with "hanging chads,", his brother "the Guv" or his daddies "Supreme" court either. You should learn how to show a little respect for a sitting president, like him or not. I'll bet you fancy yourself a "real patriot" too, huh?

                                    • 2 votes
                                    #6.3 - Mon Oct 8, 2012 5:34 PM EDT
                                    Reply

                                    Hey itsabouttime....can't respect a person who blames another candidiate when the person who is sitting in the oval office is sending us down the path of Greece. Only Socialism does that and that's the way Obama is sending us.

                                    • 5 votes
                                    Reply#7 - Mon Oct 8, 2012 11:33 AM EDT

                                    That's all they know -- blame Bush, tsunami, wildfires, Europe, video, etc. etc. God forbid they actually take ANY responsibility for the lack of leadership, knowledge, and integrity. It's all they have. So let them weep and wring their hands when they actually have to EARN their keep, pay taxes, and get some skin in the game. A real patriot would be proud to contribute to the country instead of sitting back and let the taxpayers fund their lame life.

                                    • 5 votes
                                    #7.1 - Mon Oct 8, 2012 12:47 PM EDT

                                    TM, you got the propoganda right. This is exactly what they want you to think. If your really interested in forming your own opinion research Goldman Sachs takeover of Greece.

                                      #7.2 - Mon Oct 8, 2012 3:27 PM EDT

                                      JULEA... Are you deliberately trying to confuse these folks with facts? It sounds, to me, as if they're confused enough already. A man who does not think for himself does not think at all.

                                      "Anger dwells only in the bosom of fools." Albert Einstein

                                        #7.3 - Mon Oct 8, 2012 5:41 PM EDT

                                        Dotties girl... Do you suffer from short term memory loss or is it just "selective?" Eight years to trash the place and you want it dug out yesterday. Well, do you know the problem with "instant gratification?" It doesn't come soon enough for the likes of you. Why don't you people just say it? It's about a Black Man in the White House, period!

                                        • 1 vote
                                        #7.4 - Mon Oct 8, 2012 5:49 PM EDT
                                        Reply

                                        It's not a matter of a poor performing private sector or a lack of resources, but how the state is operating,”

                                        America has exactly the same problem. Are your tired of tele-prompted quips with millions out of work? Time for a real change.

                                        • 4 votes
                                        Reply#8 - Mon Oct 8, 2012 12:03 PM EDT

                                        Without term limitations and mandatory retirement for ANYONE in office nothing will change.

                                          #8.1 - Mon Oct 8, 2012 3:11 PM EDT

                                          Wheels... Amen! Term limits, term limits, term limits. No (lifetime) health insurance after leaving office, either. Politicians should live like the rest of this nation. You know... you're on your own!

                                          "The government consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office." H.L. Menken

                                          • 1 vote
                                          #8.2 - Mon Oct 8, 2012 5:54 PM EDT
                                          Reply

                                          ...

                                          There is no truth to the rumor that George Soros is going to be a buyer.

                                          That rumor is just plain right wing propaganda.

                                          .

                                          Obama / Biden in 2012.

                                          ...

                                            Reply#9 - Mon Oct 8, 2012 12:28 PM EDT

                                            But still they have money to give to other counties to "rebels" to fight established governments.

                                            Gee, sounds like the United States. So far in the toilet we Will never see day light but always money to give to "rebels, and hand out welfare checks.

                                            • 1 vote
                                            Reply#10 - Mon Oct 8, 2012 1:05 PM EDT

                                            Steven... "But still they have money to give to other counties..."

                                            Ummm... that's WE, Steven There is no "them." It's us. If WE don't like it WE should change it.

                                            "We must be the change we wish to see in the world" Mahatma Gandhi

                                            "Many people consider the things which government does for them as social progress, but they consider the things government for others as socialism." Earl Warren

                                              #10.1 - Mon Oct 8, 2012 6:01 PM EDT
                                              Reply

                                              The American Govt and banks have sold us down the river. China owns us. For all we know, Calif has been used as colateral for those loans and we will be like Hong Kong one day. Its too bad that Greece has been managed so poorly also.

                                              • 1 vote
                                              Reply#11 - Mon Oct 8, 2012 1:55 PM EDT

                                              Think the Chinese will try to claim these Islands like the Japanese's islands?

                                                Reply#12 - Mon Oct 8, 2012 2:26 PM EDT

                                                Before we get too many of these "Greece today, the US tomorrow" postings, let's remember that there are some very fundamental differences. The most important of which is that Greece doesn't control its own currency. The Greeks are stuck using the same currency as the hyper-efficient Germans, which is a recipe for disaster even if they were debt-free. In the old days, the Drachma would have devalued and their debt and lower productivity rates would be far more easily managed.

                                                • 3 votes
                                                Reply#13 - Mon Oct 8, 2012 3:02 PM EDT

                                                We have lots of land to sell too :). Federally owned land: NV - 76%, UT - 70%, ID, 61%, etc.

                                                So.. yeah, there's a bunch of red states that could just be sold out right. The question is, would anyone want to buy 70% of Utah?

                                                On the other hand, I suppose one can ask the question why a state that is 70% owned by the Federal government should be considered a state at all. Maybe we should make Utah a territory again.

                                                • 1 vote
                                                Reply#14 - Mon Oct 8, 2012 3:05 PM EDT

                                                Enter Donald Trumpounopolis.

                                                • 2 votes
                                                Reply#15 - Mon Oct 8, 2012 3:08 PM EDT

                                                That will be a nice looking baby

                                                  Reply#16 - Mon Oct 8, 2012 3:19 PM EDT

                                                  End the Fat, Sluggish, Lazy, Unsustainable Welfare State in all countries in the West today.

                                                  Let individuals with their own money decide their charity giving. The government approach has failed.

                                                  I think I want to buy Delos......that was the center of the Delian League way back in Ancient Times. Maybe I'll find a few gold trinkets.

                                                  • 4 votes
                                                  Reply#17 - Mon Oct 8, 2012 3:36 PM EDT

                                                  I wonder if we could sell California?

                                                  • 3 votes
                                                  Reply#18 - Mon Oct 8, 2012 3:37 PM EDT

                                                  hmmm.. If Romney wins, we might want to take you up on that offer, as long as we can buy it ourselves...

                                                    #18.1 - Mon Oct 8, 2012 3:41 PM EDT

                                                    From what we can tell in the news these days liberal government is not the way to go. California cannot raise enough capital to pay its debts. In just 50 years.. liberals have destroyed Utopia on the West Coast.

                                                    Besides, I think obama has already promised California to Mexico. That is why you see all of the AZATLAN signs replacing state signs.

                                                    • 1 vote
                                                    #18.2 - Mon Oct 8, 2012 4:15 PM EDT

                                                    Wow. Nice tin foil hat.

                                                      #18.3 - Mon Oct 8, 2012 4:28 PM EDT

                                                      That's the truth! lol

                                                      • 1 vote
                                                      #18.4 - Mon Oct 8, 2012 4:31 PM EDT
                                                      Reply

                                                      Such a beautiful country, language, culture. Only be changed by some other country coming in and doing as they please.

                                                        Reply#19 - Mon Oct 8, 2012 3:50 PM EDT

                                                        Unfortunately they want real money for this property. There are definitely no bargains there.

                                                        • 1 vote
                                                        Reply#20 - Mon Oct 8, 2012 3:54 PM EDT

                                                        When you run out of property to sell what's next, your soul? How about getting someone in office that knows what the hell they are doing.

                                                        • 2 votes
                                                        Reply#21 - Mon Oct 8, 2012 4:04 PM EDT

                                                        YES ALAN!!! YOU'VE GOT IT RIGHT . . ITS YOUR SOUL!!!

                                                        And you are going to sell YOURS FOR ME!!!!

                                                        OBAMA/BIDEN . . Together we can Do This . . YOU Paying for ME!!!!

                                                        • 1 vote
                                                        #21.1 - Tue Oct 9, 2012 6:14 AM EDT
                                                        Reply

                                                        As I predicted over a year ago.Once Greeks lose their sovereignty they will become slaves in their own country.The rest of Europe and the U.S. needs to watch. First they get indebted by crooked banksters,then their economy gets destroyed by central planning in Brussels, then euro makes tourism less desirable-prices too high.Now austerity-it was all planned by the oligarchs,crookerd Greek politicians.Now , the crooked politicians need to be tried for TREASON, willful destruction of their nation.

                                                        Nexst will be Spain and Portugal-sell all your gold and the Azores.The so called 'Democracies "are nothing but a Bankers Olympus.

                                                        Now we come to the U.S. which is in a worse shape than Greece.Chinese have money and may buy our farms, maybe Hawaii, maybe Cape Cod. Something to look forward to ? Unless our crooks from Wall street go to jail,our endless wars stop immediately like Ron Paul suggested, END THE FED, that will be our future. The Press Terrorism that kept us in endless wars contributed to this situation.

                                                        • 1 vote
                                                        Reply#22 - Mon Oct 8, 2012 4:16 PM EDT

                                                        Our founding fathers were more insightful than we will ever know. This time it is Greece, then Spain. Who is next?

                                                        If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)

                                                        “I believe that banking institutions are more dangerous to our liberties than standing armies.” – Thomas Jefferson

                                                        • 2 votes
                                                        Reply#23 - Mon Oct 8, 2012 4:19 PM EDT

                                                        JOEL 1:4
                                                        4 That which the palmerworm hath left hath the locust eaten;
                                                        and that which the locust hath left hath the cankerworm eaten;
                                                        and that which the cankerworm hath left hath the caterpiller eaten.

                                                        JOEL 2:21
                                                        21 Fear not, O land; be glad and rejoice: for the LORD will do great things.

                                                        JOEL 2:25
                                                        25 And I will restore to you the years that the locust hath eaten, the cankerworm,
                                                        and the caterpiller, and the palmerworm, my great army which I sent among you.

                                                        JOEL 2:27
                                                        27 And ye shall know that I [am] in the midst of Israel, and [that] I [am] the LORD your God,
                                                        and none else: and my people shall never be ashamed.

                                                        • 1 vote
                                                        Reply#24 - Mon Oct 8, 2012 4:21 PM EDT

                                                        All that stuff about worms is a bit icky. I'm surprised Joel Osteen would resort to that imagery.

                                                        Are you saying Israel is going to buy Greece?

                                                          #24.1 - Mon Oct 8, 2012 7:08 PM EDT
                                                          Reply

                                                          $1.00 Bob - . -

                                                            Reply#25 - Mon Oct 8, 2012 4:21 PM EDT
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