To cover the budget deficit, Greek authorities sell real estate in the country and abroad. Pierces for yachts, airports, palaces and the residence of diplomats in other countries are exhibited for auction. Athens Minister of Finance Yannis Suranas annually announced that by 2014, national income will decrease by almost 25 %. This is the reason that the government declaration of mass sale was the reason. The authorities hope to replenish the treasury by 50 billion euros by 2020. The growth of the budget has become one of the conditions under which many countries provided Greece financial assistance in the amount of 240 billion euros. “It was decided to rent and sell real estate, which for some reason is not used,” Gregori Dalevekuras from the Ministry of Foreign Affairs said. Greece is about to sell the consular residence in London, located next to Holland Park. This Townhaus was built 115 years ago in the Victorian style. According to experts, this object can be sold for a lot of money. The Greek government was able to help about 1, 8 billion euros as a result of privatization of state property.
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