Greece’s Debt Crisis - the Last Resort?

Talk about selling off the family silver! The Greek government has apparently raised the “for sale” sign on some of its prized tourism assets. The Greek rail and motorway networks may be next to be privatised. How fascinating that the potential buyers are BRICs-based investors. However, having seen the scrum of Russian tourists at the all-inclusive buffet on my last visit to the Greek islands, perhaps I shouldn’t be that surprised.

Of course, as retail businesses discover when they opt for a sale and leaseback of their property portfoilios, this finance-raising exercise is something you can only do once.