50 billion... yes, they exist, with Mykonos and Santorini !

Ghost hunting seems to be the case for Greece, since we are looking to find 50 billion euros in income from state property when we couldn't possibly reach this number unless we sell off islands such as Mykonos and Santorini.
And the reasons are as follows:

- According to the official numbers of the Stability Programme, the participation of the state in companies is 9,7 billion euros. Even if the state sells, it won't reach 10 billion euros. Even if it sells banks and hands the management over to private companies, it won't reach 15 billion euros.

- Altough there is no official list of public property (offices, buildings, houses etc) the nearly 30,000 property items are barely valued at 35-40 billion euros. If one calculates the process of selling them, the net profit is smaller.

This means that even if the Greek state sells all the above, it cannot reach 50 billion euros. Then how did this number appear in all the negotiations?

Information mentions that the government has now lost all its credibility and negotiation power and will just succumb to the whims and will of the lenders for two reasons.

- Primarily, there are the postponement and back-and-forth that has amounted to a not a single sale of anything for a year and a half now. It was mathematically certain that the Troika would demand that the government get rid of public companies, property etc.

 
-Secondly, the government is trapped in the scenario of a public property worth 400 billion euros, something that apparently is not a reality.

According to the verified details the Troika put on the table, Mr.Antonis Samaras argued that he could find 50 billion euros in two years should the public property  be used accordingly, in order for the country to get out of the IMF faster. The proposal was presented last summer whilst the government was talking of 300-billion-euro public property excluding the Greek islands.

With such statements made by the Greeks, Europe is asking the governement to sell. even though the profit of what we sell, even if we sell everything, will be 1/8 of what was initially calculated. Minister of Finance, Mr.Papakostantinou, admitted however that the 50 billion are a number in the deal, and therefore one thinks the Troika might already have proof that someone will pay for this property.