Negotiations Move Forward for Selling of Greek Ports and Islands

TAIPEDNISIA_Bloomberg News reveals that senior managers of Hellenic Republic Asset Development Fund met in New York  with American billionaires to negotiate the sale of Greek ports or islands.

“Earlier this week, HRADF Senior managers held a meeting with billionaire hedge-fund manager John Paulson in New York,” noted Bloomberg News.

According to an HRADF report, there is an effort to find investors for buying real estate, especially in Greek ports and islands, since they attract the interest of eventual investors. The aim of this negotiation is to finance the rescue of Greece.

Bloomberg News said that Paulson and HRADF executives met with representatives of the investment fund, Third Point LLC.

Dr. Andreas Taprantzis, Executive Director of HRADF, characterizes an ambitious goal of finding 3.6 billion in 2014 and 11 billion euros by 2016 from property sales.

However, in line with the report of HRADF, ports and the old Hellenikon air base are going to be sold by mid-February.


  1. When the Wall Street market bubble eventually bursts the “owners” will default and we are back to where we started.

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