Greece’s Properties Could Fill Budget Gap

Frantic to find a way to cover a looming $11-$14 billion hole in its budget next year, the Greek government reportedly is considering using its state properties as collateral to sell bonds as a way to raise critical revenues. Finance Minister Yannis Stournaras, who has predicted a return to markets and beginning of a recovery next year, is anxious to avoid Greece having to ask for a third ...

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