Social commentary & current affairs
Wednesday September 8th 2010

Greek Islands for Sale

Greece is making it easier for the rich and famous to fulfil their dreams by preparing to sell, or offering long-term leases on, some of its 6000 sun-kissed islands in a desperate attempt to repay its mountainous debts.

The hope is that the sale or long-term lease of some islands will attract international investment that will generate jobs and taxable income.

”I am sad – selling off your islands or areas that belong to the people of Greece should be used as the last resort,” said Makis Perdikaris, a director of Greek Island Properties.

”But the first thing is to develop the economy and attract foreign domestic investment to create the necessary infrastructure. The point is to get money.”

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