Greece is facing a tough time now. The country was once in fame for its ancient civilizations and pyramids. Today, Greece is talked widely of the riots and prolonged strikes going on in the country. It suffers a bailout debt of about 110 billion Euros. Due to this economic failure, public sector organizations and industries cannot run well, incurring further losses for the national treasury day by day. To stop this, Greek parliament has come to the idea of selling all its public sector enterprises to private sectors of other countries.
The one announced by Greek parliament, is a multi-billion Euro asset sale and rich companies are looking forward to make the deal. 39 airports, 850 ports, motorways, railways, casinos, banks, national lottery, 2 energy companies, sewage works and thousands of acres of land are the assets included for sale. The ideas of the companies competing for this sale are likely that their profits and marketing strategies can improve as they cover a whole nation. But it is highly suspected that if all the industries and service sectors are privatized,,
read more by visiting the following link,
http://studiesinventory..com/2011/07/country-named-greece-is-for-sale.html

Greece is a mess

This is a wrong step to take.

No they didn't had any other option, Still the case went worse like anything, Even with this act they can't repay the full debt, Please read the full article at http://studiesinventory..com/2011/07/country-named-greece-is-for-sale.html. Thank you for your productive comment,

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The Greek govt should have defaulted on the debt.

The people of greece should carry on rioting and find a way to prosecute the fraudulent bankers from goldman sachs, bank of america and some european banks who were responsible for causing this crisis in the first place.

The people of Greece should not be paying the price for the greed and stu.pidity of their corrupt govt and a corrupt banking cabal.

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Apparently the Greek Govt came to London to look for Buyers of the Assets and
Investors said NO!!! Nobody is going to touch those assets because they know the
greek people are going to fight the sale and if it goes through demonize the so-called
new owners ,

The Greek govt should have defaulted on the debt.

The people of greece should carry on rioting and find a way to prosecute the fraudulent bankers from goldman sachs, bank of america and some european banks who were responsible for causing this crisis in the first place.

The people of Greece should not be paying the price for the greed and stu.pidity of their corrupt govt and a corrupt banking cabal

More unpleasant drivel from you.

You should just say you want the world to IMPLODE because YOU ARE SUFFERING and unhappy with your lot in life.

Next will be Italy or maybe Portugal.

This is a "market solution" to the inability of Greece to manage debt spending which very much includes entitlement programs and social safety net systems. Something the citizens of greece enjoyed and could not pay for in the first place on grounds of keeping up with EU living standards.

The people are in their right to voice opposition however I really don't believe they have any alternatives to offer other than blaming rich folk, which is the usual class warfare rhetoric.

Greek is exercising the practical measure of downgrading its assests and looking for market efficient meanss to sell them to whoever wants to assume this risk and build value back up in the long term

In economic terms there will always be short term "loosers" no matter which way you try to swing the pendulum swings.

Down grade and sell off. Defaulting or exiting the EU is possible but is far more "riskier" in the long term analysis in terms of recovery.

the IMF will raype Europe now. . . .

martinosi:
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Apparently the Greek Govt came to London to look for Buyers of the Assets and
Investors said NO!!! Nobody is going to touch those assets because they know the
greek people are going to fight the sale and if it goes through demonize the so-called
new owners ,

lol talk of the proverbial Greek gift