Greece Sells 110 Beaches To Appease Troika, "Tell The Russians & Qataris To Hurry Up!"

Tyler Durden's picture

One hundred and ten of 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' as the prerequisite for receiving more handouts from the Troika. "This sale of the land must happen," explains one Greek civil servant, "we need this now, quickly. Tell the Russians and the Qataris to hurry up!"

But as KeepTalkingGreece notes, not everyone is so exuberant about a supposedly recovered Greece dumping assets in order to pay back its European bailout banker overlords. With SYRIZA taking the lead in elections, the euro-skeptic sentiment is likely only to rise.


As The Guardian reports, some 70,000 lots are for sale in the nation's largest firesale. "We are like a bankrupt housewife forced to sell the silver, to save the family," said one Greek beach-sitter, "Greece has no choice." Well - in fact - they do...


As The Guardian reports,

On Monday Antonis Samaras, the prime minister, scraped through another round of negotiations with the Troika – the EU, IMF and European Central Bank – and managed to secure payment of the next EU 8.8 billion instalment of the bailout. But privatisation is a prerequisite for receiving the bailout funds.


The sale of the coast at Afandou is part of the Greek government's desperate attempts to raise money by privatising its vast portfolio of state-owned assets – the largest firesale in history. Some 70,000 lots are for sale, ranging from pristine stretches of coast through to royal palaces, marinas, thermal baths, ski resorts and entire islands. Only last Wednesday, bidding closed for a stake in the state gambling company.




"We are like a bankrupt housewife forced to sell the silver, to save the family," he said. "Greece has no choice."




"This sale of the land must happen," she said. "We need this now, quickly. Tell the Russians and the Qataris to hurry up!"




"Anyone who argues against it is either an idiot, or a state employee who doesn't think about economic reality and just likes to lounge on the beach," he said. "We have our heads in the noose."

However, not everyone supports the idea of so many places going under the hammer.

"We need to keep state ownership of all our assets – not sell them to the highest bidder," complained Yiannis Milios, chief economist for the opposition Syriza party, who would prefer to see more use of public-private partnerships, rather than sales.


"Experience shows that the privatisation of public goods is a very bad idea. With water, for instance, the quality falls but the price rises, which is totally wrong. The government is very good at finding legal formulas to work its way round supposed guarantees of public interest. It is not a good idea at all."

But - after loud protests from the people.. the government has backed off a little...

As the new draft bill for the ‘regulation of seashores’ foresees that the sold beaches must allow a small space for the public to use for free, it is really hilarious to see the plot of Sarakino beach for sale: it is marked with red ink. A tiny strip of beach is foreseen for free access for the public. The free beach is so small that it will allow swimmers to enjoy sun bathing most probably standing on their feet.



It seems the Greeks have forgotten one thing... their free-will choice to remain "in" the Euro...


Or have they?


Full Greek Asset Sale list below...

Greek Asset Sales

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franzpick's picture

Burning the floorboards.

Looney's picture

If I buy one of’em beaches, may I build a 'lil marina for non-NATO navies’ ships? ;-)


P.S. I knew I'd find a good use for my ole pennies (lots of'em!) ;-)

knukles's picture


The .01%, bankers and industrialists getting to bid upon the people's property in the bankruptcy they created.

Y'all don't think this is gonna end anythnig but bad, do ya'?
No wonder freedoms are abridged and means of power removed from the masses hands.
The Rape of the Universe

And you all read about it forecast here on ZH, before anyplace else.
How's the MSM gonna present this?

This disgusts me.


Looney's picture

...  Knukles: "This disgusts me."

Looney: "You complete me"  ;-)



Ahmeexnal's picture

The teutonic klepto-oligarchs have a private insider joke on Greece. They call the place FKK-Greece. To them, the country is just another place filled with slaves craving to get ficked for a bowl of food....and a stamp on their foreheads that says they are members of the "euro club".

Wouldn't it be ironic if Russia grabbed up all that greek coastline and erect a set of warm water ports in the Mediterranean for the mighty russian navy?

mrpxsytin's picture

What I find really interesting is that ancient Greece founded an empire on the backs of slaves. Now it would seem that they have become the slaves. That is some sweet irony.

max2205's picture

How much for the women?!

COSMOS's picture

Ukraine women are way better, spend your money on them and bring them to the beach you own in Greece.

mrpxsytin's picture

You are such a crude brute. A true elite has much more diverse tastes than women... 

All Risk No Reward's picture

>>"We are like a bankrupt housewife forced to sell the silver, to save the family,"<<

Except you aren't saving the family, you are merely delaying, for a short time, the inevitable destruction of your family under a fraudulent system.

You've been punked.

We are all being punked.

Debt Money is a complete fraud from the gound up.

Debt Money Tyranny

Some solutions are on page 2 of previous linked PDF.

Bank of England admits Economics textbooks are wrong, money is created when debt is issued:

How to be a Crook

Poverty is not a Choice

Renaissance 2.0

Debunking Money

When banking/government fascists run the country, the good people become the targets and the terrorists become protected and financed:

Top Priority: The Terror Within

UPDATED: Obama waives ban on arming terrorists to allow aid to Syrian opposition

Council on Foreign Relations - "In short, the FSA needs al-Qaeda now."

RafterManFMJ's picture

The .01%, bankers and industrialists getting to bid upon the people's property in the bankruptcy they created.


Can you CONCEIVE of a better, more intrinsically evil system? And next year when the bonds can't be paid ... what will you sell next? And six months after that?

kchrisc's picture

Will make 'em easier to find, that's for sure.

mrpxsytin's picture

Do you really think that when the Greeks go full socialist retard again, that they won't simply renationalise all those beaches? Caveat emptor

Ignatius's picture

And I hope they do take back their beaches from banker scum.

Cymore Duttz's picture

The act of selling government lands is not always a bad thing. Government owned land pays no property taxes and is under utilized.

70,000 lots of land with an annual tax bill of 1,000 euro to 10,000 euros would bring in 70,000,000 to 700,000,000 euros in taxes annually.

Also the new owners might build resorts or homes on the land which could create jobs!


Silver_K-9's picture

Time to read "Confessions of an Economic Hitman".

Chupacabra-322's picture

Time to read "The Shock Doctrine." Two great reads which helped awaken me.

q99x2's picture

They can have Washington D.C. in exchange for a cup of sand off any one of the lots.

TheFourthStooge-ing's picture


They can have Washington D.C. in exchange for a cup of sand off any one of the lots.

...but only if they load the whole thing up, including the people, on a fleet of barges and haul it away.

Make_Mine_A_Double's picture

They will nationalize it during the next regime.

knukles's picture




Son of Captain Nemo's picture

I have a picture in my head of that foul smelling yeasty cunt Christine Lagarde with a shit eating grin on her face calling off each of those islands for sale that have been stolen from families that have more than likely had multiple generations living on them!

No Feta for you!

Don't worry Christine.  Your time will come and sooner than you could possibly imagine!!!

Looney's picture

+1 for "cunt"

+ 1984 for "cunt christine lagarde"  ;-)

Loo(let the cuntdown begin!)ney

COSMOS's picture

I thought the Greeks on the islands you buy came along as part of the package as your SERFS.  Someone has to milk the goats to make feta cheese, pick the olives, and groom the sand on your beach.

Cthonic's picture

As well as pay the property taxes...

mrpxsytin's picture

Now you're thinking! 

Crtrvlt's picture

More evidence that this crisis was engineered on purpose by Greece's treasonous politicians and their northern euro partners to steal assets at fire sale prices. This is fascism and financial warfare full throttle. Occupation and loss of sovereignty without a single bullet fired all so the insolvent European banks can be made whole on their bets gone wrong.

COSMOS's picture

The idea is to ship all the Greeks to Ukraine to work as farm laborers, once the Greek islands are cleared of the Greeks, they then can become the playground of the rich and famous without having to worry about running into any Greeks on the pristine beaches.  Some of the best beaches in the world should not be wasted on the common man, but instead on the elite.

royal's picture

This is the objective of the central banking scam loans: get the real assets in exchange for monopoly money.

Anasteus's picture

Both Russia nad China have an excellent opportunity to settle a European area without a single shot. And they had better pay in us treasuries.

lakecity55's picture

"The Sino-Russian Alliance today announced the opening of Euroland. Euroland, the former Europe, has been turned into a Theme Park by its Russian and Chinese developers. Tourists can experience the unique forms of foods, language, and culture from this historical part of the world. Ride a fast train- even under the water- to the former UK! Or visit Greece with naked babes on private beachfront.

"The Alliance also announced it is beginning work on 'America,' it's next Theme Park. Start in New England, where the people live just like their ancestors in 1640! Or,visit the Wild Wild West, where you will mingle with cowboys, Mexican deperados, and spend the night at a swanky Indian Casino!"

Bay of Pigs's picture

Bail-in Beach Blanket Bingo.

What bullshit this is...

Rough-Trader's picture

These people have gone full-retard.
Some idiot from Barclays bank will buy one of these beaches,
and when he gets down on to his "private beach", the local yobs will beat him to pieces.

RafterManFMJ's picture

The local police will have beach access barricaded and any Yob that tries to get thru will be beaten or shot; the vaunted Yobs will not even set eyes on the Oligarchs personal security.

Really, haven't you learned by now the real purpose of the police and what masters they serve?

Yen Cross's picture

 Didn't Greek debt recently get upgraded? I guess Belgium has been slacking off.

f16hoser's picture

Greeks are Dumb Asses!

PaperBear's picture

The day is fast approaching when the Greeks will wake up homeless one morning.

Mentaliusanything's picture

That day happened when they siezed the bank deposits, This is the payoff for removing the "competition"

Never ever piss off a Greek, A Greek will smile at you as he cuts your throat. (as the Germans found out in WWII)

COSMOS's picture

Time for the Sea Peoples Part 2, a few thousand years later but I am sure caused by the same banker  scum.

All Risk No Reward's picture

Not just the Greeks, everyone else, too.

If you don't think like the Debt Money Tyrant Beast (forehead) and act in the interests of the Debt Money Tyrant Beast (hand) then no debt money will be issued to you and you will not be able to "buy or sell."

This "effect" is growing exponentially.

Is the "lady" adorned in fine robes surrounded by gold that rides and controls the modern incarnation of the government "Beast System" the international banking cartel?

The whole analogy fits like a hand inside a comfortable glove.

Bendromeda Strain's picture

Indeed, if one were to internalize the message and methods of The Matrix, and apply it instead to the very real application of the Beast System™, then one would be on the path to awareness and vigilence. This "awareness" don't come with no stinkin' ribbon.

lakecity55's picture

Which is exactly what Thos. Jefferson said if the new republic were to use Private Banks for the new nation's financing.

lolmao500's picture

So how much for that land?

WMM II's picture

good news for those long the euro.





UselessEater's picture

"We are like a bankrupt housewife forced to sell the silver, to save the family,"

Except they are not selling the silver ware which can be replaced, they are selling parts of the housewife's house; how does she raise a family when the kitchen is sold, then the bathroom, then the bedrooms until only the front porch is left to squat on?

NickVegas's picture

Clownbuxs for beaches. What a deal.

Spungo's picture

Sell the land to private buyers then immediately nationlized it again.

Jano's picture

Prosperous EU and US must sell away a land.
all wars and every war happen because of land grab (AND THE RESOURCES BENEATH IT) and those EU/US struts give away the most beautiful beaches.
Mr. Putin will turn to Greece instead of East Ukraina.
To take that land and pay with treasury lottery tickets is a bargain, no shooting, no body bags and he achieves a land win.

honestann's picture

Out of curiousity, what are Greek property tax rates?

COSMOS's picture

I am sure beachfront property rates will take a dive through some loophole the Eurocrats will force on the Greeks in the next bond sale.