| Greece has promised to raise 35 billion euros ($50 billion) from state property by 2015 as part of plans to win more international aid and avoid defaulting on its debt. Like with other bailout conditions, from selling stakes in companies to tax collection, there are complications and delays.
A group of nine domestic banks advising the government must study each property individually to ensure that they are not in litigation or lack permits, topographical studies or restrictions governing their use, Aristotelis Karytinos, general manager of real estate at National Bank of Greece SA said..............................................Full Article: Source
|