Greek government considers mass marina sale

Greek government considers mass marina sale

A series of government-owned marinas in Greece are set to be included in a massive fire sale of state assets being prepared by the beleaguered Mediterranean country – according to MOTORBOAT recourse.

Greece hopes to raise 50 000 000 000 euros by 2015 by selling off chunks of state real estate like ports, marinas and regional airports, as well as enterprises like the country's postal service.

The country is under pressure from its bondholders and other European countries not to default or restructure its debt, and hopes the sale will make a dent in its 350 000 000 000 euros of state borrowing.

It's not known at present which marinas or how many are being considered for sale, but according to Greece's Ministry of Finance, investors for the sites are already being identified.