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German Company Buys Greek Airports

Dave Emory’s entire life­time of work is avail­able on a flash drive that can be obtained here. [1] The new drive is a 32-gigabyte drive that is current as of the programs and articles posted by late spring of 2015. The new drive (available for a tax-deductible contribution of $65.00 or more) contains FTR #850 [1].  

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Frequent Fliers

[7]COMMENT: In FTR #’s 746 [8], 788 [9], 855 [9], we looked at the Greek economic/political crisis against the background of long-term (two hundred years or so) German plans for the economic and political colonization of Europe as a vehicle to effect world domination. It is against that same background that we examine the purchase of Greek regional airports by a German company. (Never forget that, as seen in FTR #305 [10], corporate Germany is controlled by the remarkable and deadly Bormann capital network [11].)

. . . In the early 1980s, as Chair of the Association of European Border Regions (AEBR), [German Finance Minister Wolfgang] Schäuble had organized the first economic initiatives [and not just] toward France. Theodor Veiter [6] a former Nazi specialist for border subversion was one of Schäuble’s advisors as chair of the AEBR. . . .” [12]

“Greece Sells Air­ports to Ger­mans as Bun­destag Pre­pares for Day of Reck­on­ing” by Mehreen Khan; The Tele­graph; 8/18/2015. [13]

The Greek gov­ern­ment has rowed back on a promise to halt the fire sales of the country’s strate­gic assets by approv­ing the sale of its air­ports to a Ger­man company.

Oper­at­ing rights to 14 regional air­ports, includ­ing those on pop­u­lar hol­i­day des­ti­na­tions such as Crete, will now fall under the con­trol of Fra­port AG, the oper­a­tor of Frank­furt airport.

The €1.23bn deal rep­re­sents a sig­nif­i­cant climb­down for Alexis Tsipras who had denounced attempts by the Troika to force var­i­ous Greek gov­ern­ments to de-nationalise the country’s ports, elec­tric­ity net­works and airports.

But the embat­tled prime min­is­ter has been forced into a num­ber of con­ces­sions in return for an €86bn aid pack­age to keep the coun­try in the euro for the next three years. The deal comes as Germany’s Bun­destag pre­pares to vote on the pack­age on Wednesday.

Bid­ding for the air­ports was won by the Ger­man firm in Novem­ber but the process was sus­pended by Syriza amid claims the ten­der broke com­pe­ti­tion rules. Fra­port will oper­ate the air­ports for the next 40 years under the licence agreement.

For­mer finance min­is­ter Yanis Varo­ufakis has attacked the sales for entrench­ing the country’s oli­garchic elites and hurt­ing the government’s cof­fers through under-priced sales.

In a line-by-line cri­tique of the demands, he dubbed the pri­vati­sa­tions as “a major dis­as­ter in every con­ceiv­able way – from the prices fetched to the rate at which the pri­vati­sa­tions that occurred were over­turned by the Euro­pean com­pe­ti­tion com­mis­sion and the Greek Coun­cil of State”.

The sale comes as a host of euro­zone par­lia­ments are prepar­ing to rat­ify [14] the terms of the new res­cue pack­age — Greece’s third bail-out in five years.

Germany’s Angela Merkel is bat­tling to fight down a rebel­lion in her rul­ing Chris­t­ian Demo­c­rat party. As the eurozone’s largest cred­i­tor state, Ger­many holds a block­ing minor­ity vote on Euro­pean Sta­bil­ity Mech­a­nism loans.

Although the pack­age is likely to gain the nec­es­sary votes, more than 60 of Ms Merkel’s par­lia­men­tar­i­ans [15] voted to reject new bail-out talks in July. The rebel­lion is set to esca­late to around 100 out of her 311 MPs.

The Chan­cel­lor has sought to con­vince scep­ti­cal law­mak­ers that Greece will be able to carry a the raft of oner­ous eco­nomic reforms in return for a first dis­burse­ment of €26bn due to be made by Thursday.

Dis­quiet in Berlin has also grown over the posi­tion of the Inter­na­tional Mon­e­tary Fund [15], which is only likely to release its own funds to Greece in October.