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Old 27th September 2005 | 08:10
  #65 (permalink)  
big fraidy cat
 
Joined: Aug 2005
Posts: 290
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From: tinos greece
Can someone tell me with 100% certainty that the potential new buyer (the consortium) will also inherit the EU debt? Or, will the proceeds of the purchase price be paid over to the EU by the State? In other words, exactly what is the buyer buying and what is the buyer liable for?

Ooops, looks like I've answered my own question. There are two articles in the Athens News that appear online today. The second article features a bit of an interview with the potential new buyers. Apparently, their deal does not include assuming and paying the debt. Maybe that's why the government hasn't committed to this yet. They don't want to pay the EU debt either.

Here's the link: http://www.athensnews.gr/athweb/nath...=03&m=A19&aa=1

Last edited by big fraidy cat; 27th September 2005 at 11:51.
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