Greece sells London embassy building for 27 million euros
Greece old its embassy building in London for 23.3 million British pounds (27.4 million euros) in a sales process from which the state wants to raise funds to reduce the country’s debt.
Extreme austerity: Greece sold the building of its London embassy
Three other properties in Nicosia, Belgrade and Brussels, have generated other 13.54 million euros, privatization authority announced in a statement quoted by the Greek daily Kathimerini.
“In difficult times, our choices proved to be justified and that’s encouraging for the future. We are very pleased with the result,” said the head of the privatization fund, Yiannis Emiris.
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Two properties that did not receive bids will be going out again on sale in two weeks.
Greece was forced to adopt tough austerity measures in order to receive two packs of external loans from the Eurozone and IMF, totaling 240 billion euros.
Conditions imposed by external creditors include massive privatization for improving economic efficiency and reducing country’s debt.