Friday, April 02, 2010

The Invisible Hand Giving European Collectivist Types the Finger

In a bid to avert default on its sovereign debt, the Greek government is to sell off portions of its islands to Turkey
You’ll recall that just a week ago, the German suggestion that the Greek government sell off a few islands it owns was met with suggestions that it’s inhumane and racist, and was made worse by the unfounded image western Europeans hold of Greek corruption, sloppiness, and what Germans used to call uncontrollable Schlamperei.
Minister of Finance Giorgos Papakonstantinou claimed “accounting errors” before making the surprise offer, estimated in the region of €40 billion for 49% ownership of the Dodecanese islands of Patmos and Agathonissi, close to the Turkish coast.

No comments: