Greece: Hellenic Republic Asset Development Fund selling beaches

Greece: Hellenic Republic Asset Development Fund selling beaches

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Sarakiniko beach

While not in our geographical coverage it’s still instructive to know what public assets a government will sell to repay the country’s external debt. Click here to view asset list.

According to Keep Talking Greece:

Greece’s best beaches are on sale by Greece’s privatization agency, the Hellenic Republic Asset Development Fund (TAIPED) in the name of supposed “development” and “utilization of public assets”. In fact a sale off of Greece best beaches for cash so that the debt-ridden country can pay back its lenders.

The beaches plots are to be on sale with “50 years of utilization by the new owners.”

 

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