Greece plans to sell its historical places amid credit crisis

Greece plans to sell its historical places amid credit crisis

Athens: Greece is struggling to pay its lenders and time is running out. The first bailout was given in 2010 to return Greece to growth and bond markets within three years. This bail out was given by the International Monetary Fund and European Union.

Failed to cure debt crisis

“The memorandum’s aim was to cure Greece’s debt crisis and the long-standing problems of its economy. Five years later we can say with safety that it has totally failed on both,” said the Greek government’s spokesman Gabriel Sakellaridis.

“We have high unemployment rate and our people are losing trust on monetary system of Greece”, he further added.

Sell Historical Places

To raise money to run the Government and its offices, the Government of Greece is planning to sell Greece’s historical places and attractions to private corporations. Many international companies have shown interest to buy these historical places.

“We are planning to sell many historical places of Greece to raise money to run the Government and avoid bankruptcy”, said the Prime Minister of Greece, Alexis Tsipras.

“However, private companies would have to sell us tourist places back when we have sufficient money to buy back those places”, he further added in his statement.

Expecting help from European Union and International Monetary Fund

“We doesn’t like to sell these historical places to private companies but we have no option left now”, said a spokesman for the Government of Greece in a telephonic talk with the World News Express.

“We are still hoping to get help from the European Union and International Monetary Fund to bail out again to avoid bankruptcy”, he further added.

Citizens got angry

A demonstration in Athens over decision of selling historical places

A demonstration in Athens over decision of selling historical places

After the Government’s decision to sell out historical places to private companies, citizens started demonstrations in the streets of Athens.

“Historical places are the identity of Greece and we doesn’t like to see those places to be sold to the private companies”, Jennifer, an angry citizen told our Athens based correspondent.

First published on May 3, 2015.

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