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IPFS News Link • Economy - International

Greece should sell islands to keep bankruptcy at bay, say German MPs

• Phillip Inman and Helena Smith,
Greece must consider a fire sale of land, historic buildings and art works to cut its debts, two rightwing German politicians said today in a newspaper interview that is bound to exacerbate tensions between Athens and Berlin. Alongside austerity measures such as cuts to public sector pay and a freeze on state pensions, why not sell a few uninhabited islands or ancient artefacts, asked Josef Schlarmann, a senior member of Angela Merkel\'s Christian Democrats, and Frank Schaeffler, a finance policy expert in the Free Democrats. The Acropolis and the Parthenon could also fall under the hammer, along with temptingly idyllic Aegean islands still under state ownership, in a rush to keep bankruptcy at bay.