Greece Sells Islands?

On the surface it seems shocking that a nation would sell off parts its physical environment because of public sector debts. But this has been going on for a long time in impoverished nations. First profligate nations are lent a lot of money by private sector banks. Then the nation becomes over-extended revenue-wise. Finally the IMF is called in to provide a “loan” that must be paid back. The impoverished nation cuts its bloated public sector, raises taxes and sells of chunks of its public


About SCrosnoe

I serve as a watchmen on the wall. In that effort, I have been a grassroots activist for over thirty years (first in Texas and now in Oklahoma). I am a conservative, limited government freedom lover. I am a co-founder of R3publicans or R3s –- we are Republicans working to Restore the Republic. I live in Bartlesville Oklahoma.
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