what state assets have Greece agreed to hand over?

[eerygarden]

And who is the new owner?

Is it the Greek parliament that now belongs to Europe?

[Altaccount]

I'm wondering the same as I haven't watched the news today yet.

[bojan92]

I know that Greece has to sell all their islands in the Mediterranean sea. There are from 1800 to 6000 islands to sell, 10 percent of which are privately owned. I don't know about any other properties that Greece would have to sell in order to pay the debt. But I know that if you have money now is the time to buy yourself an island. 

[eerygarden]

I know that Greece has to sell all their islands in the Mediterranean sea. There are from 1800 to 6000 islands to sell, 10 percent of which are privately owned. I don't know about any other properties that Greece would have to sell in order to pay the debt. But I know that if you have money now is the time to buy yourself an island. 

Yeah, reportedly Warren Buffett and Johnny Deep already did.

[Andy4.4]

I know that Greece has to sell all their islands in the Mediterranean sea. There are from 1800 to 6000 islands to sell, 10 percent of which are privately owned. I don't know about any other properties that Greece would have to sell in order to pay the debt. But I know that if you have money now is the time to buy yourself an island. 

Yes Cristiano Ronaldo have also brought one island recently to gift it to his friend in marriage.

[greBit]

I know that Greece has to sell all their islands in the Mediterranean sea. There are from 1800 to 6000 islands to sell, 10 percent of which are privately owned. I don't know about any other properties that Greece would have to sell in order to pay the debt. But I know that if you have money now is the time to buy yourself an island. 

Yes Cristiano Ronaldo have also brought one island recently to gift it to his friend in marriage.

Yeah, it was not his friend but rather his agent. His agent has brought him a long way to he was and who he is, he has created the ronaldo we see today and I think that's tremendous. I have to say that Ronaldo was smart with his money to buy an Island, a Greek island at the right time and made a decent deal. Ronaldo made 8 mill last year, I think he can afford an island Oh, and also Ronaldo was his best man at the wedding

[CoinBateman]

They have to come up with 50 billion euro. Its unlikely that they'll get that even with the sale of all their islands.

[eerygarden]

They have to come up with 50 billion euro. Its unlikely that they'll get that even with the sale of all their islands.

By what deadline?

[spazzdla]

Anyone that has the ability to do math understands there is a 0% chance greece re pays it's loans.

[manselr]

Maybe its a good opportunity to invest now? I think that the NBG will be back up EVEN IF grexit, though it may take a little time. The "international" community has absolutely no interest to let greece go full on broke because they will want them to continue paying interest in the billions. furthermore NBG is a NATIONAL BANK. NBG is the first to survive, although EUROBANK may be something to look at.

[eerygarden]

Anyone that has the ability to do math understands there is a 0% chance greece re pays it's loans.

They might be able to drag it out though.

[Miracal]

Anyone that has the ability to do math understands there is a 0% chance greece re pays it's loans.

They might be able to drag it out though.

They actually might. As unrealistic as it sounds, their are certain political factors which work in Greece that is exactly why Greece is making use of its opportunities and using its resources properly. Greece knows that its important for Eurozone to keep Greece along with them, Greece also knows that they have a very important geographical location and I don't think U.S would like Russia to have ties with Greece and acquire the land.

[teukon]

They have to come up with 50 billion euro. Its unlikely that they'll get that even with the sale of all their islands.

If Greece were really selling islands then the Greek government would recognise the buyers as sovereign over the purchased land and we may end up with many new micro-nations.  In this case 50 billion euros would be a trivial target.

[ashour]

And who is the new owner?

Is it the Greek parliament that now belongs to Europe?

No, Greece sold mostly their rights of their infrastructure. Like airports, public transportation and ports. They will be managed and administrated by the debtors, so most or almost all profits will go to the debtors so Greece can pay their debt back.

[MF Doom]

lots of land (islands), airports, planes, I even heard one report that stated power generation plants!!  This is certainly the last step in cementing the greek citizens as debt slaves.  If they couldn't reasonably pay back the first bailouts they received, then how on earth will they handle more debt and less assets??  Its insanity, and its probably coming to more countries in the eurozone.

http://www.zerohedge.com/news/2015-07-13/what-assets-did-greece-just-hand-over-europe-airports-airplanes-infrastructure-and-m

[AtheistAKASaneBrain]

And who is the new owner?

Is it the Greek parliament that now belongs to Europe?

No, Greece sold mostly their rights of their infrastructure. Like airports, public transportation and ports. They will be managed and administrated by the debtors, so most or almost all profits will go to the debtors so Greece can pay their debt back.

But Greece will default before 2017, almost 100% guaranteed, which means the Eurozone will lose everything they have on Greece. Sure Greece will be on a bad position for a while, maybe years, but it's the only way to make some progress. It's clear now there is no other way than defaulting.

[johnyj]

Euros are just numbers typed in a computer, used to fool average people. Can not imagine that government would use real assets to exchange for those numbers, they should type same amount of numbers and send it back to its debtors

In an extreme case, Varoufakis would just publish an official statement and reveal the number printing nature of Euro and then the whole Euro will sink, makes their debt 10 times more easy to pay back

[eerygarden]

And who is the new owner?

Is it the Greek parliament that now belongs to Europe?

No, Greece sold mostly their rights of their infrastructure. Like airports, public transportation and ports. They will be managed and administrated by the debtors, so most or almost all profits will go to the debtors so Greece can pay their debt back.

Apparently Greek air traffic controllers have gone on strike. http://uk.reuters.com/article/2015/08/05/eurozone-greece-flights-idUKL5N10G1V720150805