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The German big capital already enjoys hyper-profits from its debt-colony Greece


Under the title "Greece becomes a source of revenue (for Germany)," the economic newspaper Handelsblatt presents the hyper-profits for the German company Fraport that come from the airports sold-off by the SYRIZA-Independent Greeks government coalition.

Image result for merkel greece

The newspaper notes that profits surpassed even the most optimistic predictions of analysts as Fraport Greece offered the group 180 million euros. Only in April the regional airports offered 106 million euros.

The sale of the airports is considered to be one of the most scandalous public property concessions worldwide, not only because of the deceptively low price, but also because of the colonial terms that the SYRIZA government has accepted.

Recall that the details of the sale had been set out for the Greek side by a subsidiary of Lufthansa, which participates in the shareholder scheme of Fraport. The buyer therefore determined the details of the sale.

Speaking at the Greek newspaper, EfSyn, the president of Federation of Association of Hellenic Civil Aviation Authority, Vasilis Alevizopoulos, spoke about "a clear blackmail of Germany and Schauble [former German Minister of Finance] against our country", adding that "their target is the profits from the Greek tourism and without investing even the slightest."

An even more impressive fact is that, as Fraport did not have the necessary funds, he thought of borrowing from ... Greek taxpayers through various funds in which Greece participates too.

Among the four sources of financing presented by the company were Alpha Bank (recapitalized by taxpayers), Black Sea Trade and Development Bank (in which Greece participates with 16.5%) and the International Bank for Reconstruction and Development (IBRD) together with the International Finance Corporation (to which Greece also participates).

A great performance for the German big capital, profiting from its - economically devastated - debt-colony Greece.

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