Greece Prepares Sale of Assets to Cut Its Debt

Greece, being in the outstanding amount of debt that they are in, have started to sell of of there assets to try and pay off some of the bailout money from the European bailout. Greece will sell 49% of the state railroad, list ports and airports on the stock market and privatize the country’s casinos. This comes after the socialist government last fall announced that their gross domestic product is producing at about 14%. The current predicament that the Euro finds itself in is because of Greece, and the sooner that Greece jumps out of its debt driven state, the sooner that all of Europe and the world economy will stabilize.

Jolly, David. "Greece to Sell Assets to Help Pay Down Deficit - NYTimes.com." The New York Times - Breaking News, World News & Multimedia. 02 June 2010. Web. 04 June 2010. .