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Ithaka
(Photo: en.wikipedia.com) |
One consequence of a national financial depression is that many assets become available on a fire sale basis. The United States is getting a taste of this unpleasant medicine, as Wall Street firms purchase foreclosed homes. Greece, which has serious sovereign debt problems, has its own unwelcome, medicinal compound of fiscal and social events. In Hellas' case, the assets possibly available for sale include rocky islands featuring secluded coves, clean seas, and no people. It's the latter point that has attracted the Emir of Qatar to kick the tires on purchasing some available islands.
The Emir's intention is to swallow them whole, according to a story appearing in the financial blog zerohedge.com.
The emir is eyeing islands adjacent to Ithaka, home of Homer's legendary hero Ulysses.
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