“Other lots will include an office building in Brussels, property in Belgrade, a home in Llubljana and land in Nicosia, Cyprus. Last year Greece agreed to raise €50bn before 2020 by auctioning off assets including the state gas utility DEPA and gas distributor DESFA as part of conditions attached to its €240bn bail-out rescue. The country has even identified 40 uninhabited islands which it plans to lease out for as long as 50 years. So far only €1.8bn has been raised and the latest property sales are unlikely to be completed before 2013.”
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