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Airports in Greece are on sale


The government of Alexis Tsipras decided to sell the rights for operating 14 regional airports to a German company Fraport AG. This deal is worth €1.23bn euros and it has to be concluded in order for Greece to qualify for bailout loans.

Even though the government decided not to go through the privatization program, the government had to change this initial decision. If Greece failed to repay its debts, the country would be forced to leave the euro.

For the first time in two months, the government gave permission to banks to allow small amounts of money to be sent abroad. A person can send €500 abroad per month, while students studying abroad are allowed to receive €8,000 per quarter for accommodation costs.

In addition to this, people of Greece are allowed to open new bank accounts that will have no withdrawal rights for the purpose of repaying loans, social security contributions or tax debts. Banking transactions were restricted since June.

At the moment, the new bailout deal is in the last stages of approval. Many European states have allowed it while the decisions of Germany and the Netherlands are still expected.


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