|Greece Considers Making Profit on Islands in Bid to Avoid Bankruptcy|
Greece has around 6,000 islands in total, many of which are uninhabited. Prime minister of Greece Antonis Samaras said that leasing islands might ease economic situation in the country.
He said: ‘On condition that no national security problem is posed, some of the islands could be used commercially. It would not be a case of getting rid of the islands, but of transforming unused terrain into capital that can generate revenue, for a fair price.'
Mr. Samaras argued that attracting foreign investment was crucial to reviving the Greek economy, adding that sections of Greece's Attica coast to the east of Athens may also be attractive to private buyers. Under the plans it is likely that developers would lease the land for a period of decades and build houses and hotels.
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Published on our website on August 30, 2012