Tiger economies, Dragon economies and now we have Pig economies (Portugal, Italy and Greece). Greece facing a close to economical collapse has come under immense pressure to sell off its prized assets which include some of its famous islands. With a German bailout on the cards, the German press playfully ran headlines to the tune that German’s would “buy” a piece of Greece, but in reality only private investors will have the chance to snap up one of the islands. One of the Onasis islands is currently up for sale at $300m, potential buyers include Bill Gates and Madonna, but this is just one of 600 or so that could be sold. Brokers suggest a figure closer to $2m for a small sized island with potential to build a holiday complex or at least an extravagant villa.
On March - 7 - 2010
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