The Grecian good life does have consequences. Sooner became later and the can ran out of road. What happens now is the auctioning off of assets and possible artifacts of a peoples’ heritage. Billionaires and celebrities are champing at the bit to own a slice of a Mediterranean archipelago. Greece has a lot of islands and they’re up for grabs.
The newspaper says the deal was made in partnership with Italian real estate magnate, millionaire Alessandro Proto.
The two men closed the deal for a reported 15 million euros last Thursday. The businessmen released a joint statement saying that they intended to invest in the island of Agios Thomas, also referred to as St. Thomas, located on the northwestern side of the island of Egina in the Saronic Gulf.
They plan to “build property in an effort to help the wider region develop.”
The island, 300 acres in size, was earlier available for sale over the internet at 15 mln euro.
If confirmed, this is yet another purchase of a Greek island by a foreign celebrity. Earlier this week Hollywood star Johnny Depp purchased an uninhabited Greek island of Stroggilo for 4.2 mln euro.
The United States isn’t immune to a possible fire sale of its assets. The federal government has a $211 trillion debt. China could demand forfeiture of federally owned lands. Take a look at the following map. We could lose almost the whole west.
China has a monopoly on the rare earths market. This would be an additional boon for them. Hell, it might help American citizens get a job, since the EPA and the Bureau of Land Management would no longer wield its regulatory abuses on us. I can actually envision job seekers welcoming our Chinese overlords.