Bargain Hunt? The Businesses Greece Needs to PrivatizeTom Mackenzie
Straddling a slip of land jutting into the balmy aqua marine waters of the Aegean Sea, the Astir Palace Resort is considered a jewel in the crown of the Greek tourism industry. Complete with luxury hotel, beach complex and restaurants, this Athenian Riviera resort has been a must-see destination for world leaders and movie stars. Now the complex, which is owned by the National Bank of Greece, is a top contender to be included in Greece's new 50 billion euro ($55 billion) privatization fund, agreed with the country's creditors in exchange for any third bailout.
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