Fire Sale

hellenic rep dev fun website horse racing
Screenshot taken from http://www.hradf.com/en (see date of post) featuring sale of horse racing track. Yeah, selling this will save Eurowasteland. Posting pic because site might not last long. Or?

Still giggling about Greece? Yeah, me too. Yet there is something sobering about the whole (or)deal. Or is there something drunken-ing about it? Nomatter. Alexis Tsipras has recently announced he wants another–ANOTHER–vote. This time, though, he wants a vote not on his policies but on him. Which obviously makes sense since the Greeks can probably forget owning their country, thanks to Mr. Tsipras. Or, better yet, thanks to various leaders from its most recent past. Yes. Greece has most definitely gotten itself into a pickle. Not unlike a Vegas addict. Or perhaps Greece is a drunkard. Too much financialization over-kill, anyone? And so. In order for Greece to pay off the debts it has accumulated (from its addiction(s)), it has to sell assets. And. It’s not as though Greece hasn’t tried to sell assets before. But there is the issue that fate seems to have a dicey sense of humour when it comes to either people or countries that can’t control themselves at the poker table–or at the bar. With that in mind. Let’s pull the Hitler card–or, better, let’s just consider the pics of Angela Merkel with that moustache. A fitting picture (image) indeed as, it seems, Germany is now the proud owner of… Greece’s airports? Ok. I know. “Owner” is probably not the proper word. Remember there are Euro-lawyers and media moguls at work here. Germany is the operator of the company that will run Greece’s regional airports. Which might be a good thing if one forgets about Frankfurt and Berlin airports. I mean, most German airports are run pretty well–on account they’re over-kill–that is, Germany doesn’t need half the airports it has. But at least the smaller ones are clean. Planes have places to park. There’s lots of traveler amenities–even though no one can afford to buy the krapp they’re trying to sell behind all that glass. But here’s the thing. Guess who owns a majority stake in the company that now will run Greece’s airports? No. It’s not some private company in the hands of German business moguls a’la Donald Trump. No. In fact, the German state owns the largest financial stake in that company. And that’s not all. Guess who will now take over telecom broadband service for Greece? If you guessed Germany without knowing what the German company name is, that’s fine. The name of the company doesn’t matter. Remember and heed this: there is no privacy in Germany and there is nothing private in Germany either. Germany is, if one looks deep enough, the last bastion of successful communism in the west. It’s only rival is China–except for the simple fact that China does have to (still) repress a huge portion of its society and Germany’s portion of repression is much, much smaller. Anywho. The majority stake in the German company that is buying up (what are ultimately very profitable businesses in Greece) is the German state itself–and up to now no one else could buy them. Am I the only one to find that strange? If you like you may call the company behind the telecom purchase Deutsche Telekom but it suffices to also just call it the German State Company. And the twists don’t stop there. Greece has been trying to “fire sale” assets for years. Just google greek fire sale. They were unable to sell most stuff they put on the block. Reason? I have no clue. But my worst-guess is this: there was too much nouveau riche money after the fall of communism and during the initial stages of the Euro that (just to happened to) find its way into Greece. Again. One only has to consider how Greece was able to hide all its debts over the years. But then again. I don’t really want to know who invested in Greece and who lost what on those investments in the last twenty or so years that built all the krapp that will now be sold to Germany. But I am curious regarding who buys all or any of those islands. Indeed. Good luck suckers. Rant on. -t

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tommi

Just another expat blogger.