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Germany to Greece: Need Cash? Sell Your Islands

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Posted on March 5 2010 4:00 pm
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Greece should sell some of its uninhabited islands to raise cash to avoid bankruptcy, two German parliamentarians from Chancellor Angela Merkel’s centre-right coalition suggested on Thursday.

“The Greek state must sell stakes in companies and also assets such as, for example, unpopulated islands,” Frank Schäffler, a member of parliament for the pro-business Free Democrats, told the Bild daily.

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