Global Crisis

As Greece goes to privatize some of its sovereign real estate holdingsin order to raise capital

Posted on Thursday, June 30, 2011

As Greece goes to privatize some of its sovereign real estate holdingsin order to raise capital, it finds itself the only country in Europe without a centralized registry of deeds. About 40% of properties are currently in dispute and lack clear title. Why does this sound vaguely familiar? And it is believed thatancient Rome was the only city in history to go from a population of more than 1million to a population of less than 1 million. That is, up until Detroit did itrecently.Rob Chrisman


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