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This from CNBC.

Greece should consider selling some of its islands as one option to reduce debt, two members of the German parliament in Chancellor Angela Merkel’s centre-right coalition said.

Josef Schlarmann, a senior member of Merkel’s Christian Democrats, and Frank Schaeffler, a finance policy expert in the Free Democrats, were quoted on Thursday as saying that selling islands and other assets could help Greece out of its crisis.

“Those in insolvency have to sell everything they have to pay their creditors,” Schlarmann told Bild newspaper. “Greece owns buildings, companies and uninhabited islands, which could all be used for debt redemption.” …

… “The chancellor cannot promise Greece any help,” Schaeffler told Bild in a story under the headline: “Sell your islands, you bankrupt Greeks! And sell the Acropolis too!”

I suggest the Greeks reply by saying, “yeah, we’re sorry we owe you money, but that’s your problem now.” In a word, default.

It’s the ethical thing to do, and entirely precidented in history. Just get it over with and clean the slate. Why stay debt slaves to the Germans (who invaded Greece during the war, as I’m sure most Greeks do not forget), so that some overpaid union workers can stay fat and happy?