What if they held a fire sale of Greek national assets, and it turned out no-one wanted them?

[muriel_volestrangler]

Oops:

Greek stocks fall after Depa sale fails to attract bids

Greek stocks have plunged almost 5% after the government said it had not received any bids for natural gas firm Depa, marking a setback to its privatisation programme.
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Depa's sale is key to Greece meeting a privatisation target set as a condition of its bailout by the EU and the IMF.
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Depa had been expected to sell for around 900m euros.

Gazprom spokesman Sergei Kupriyanov said it had not submitted a bid, due to concerns over Depa's financial viability. He said the firm was already experiencing difficulties with users' unpaid bills.

http://www.bbc.co.uk/news/business-22845618

[dipsydoodle]

1. Also mentioned here

Greece awakens from coma but recovery likely to be anaemic.

(Reuters) - Greek business is awakening from a coma; the long-forgotten sound of drills and hammers can be heard on Athens construction sites again while customers queue calmly at banks to deposit cash rather than to withdraw it in panic.

Nevertheless, the government's declaration that an economic recovery is underway seems premature, with the hard numbers signalling stagnation rather than the robust growth needed to meet ambitious debt targets and reduce towering unemployment.

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Greece failed on Monday to attract any binding bids for natural gas company DEPA, making it unlikely it will meet privatisation targets under the EU/IMF bailout.

Athens has a binding goal to raise 1.8 billion euros ($2.38 billion) from asset sales by the end of September. Last month it sold a 33 percent stake in betting firm OPAP (OPAr.AT) to a Greek-Czech investment fund, but the overall price of 712 million euros was below the firm's market value.

All signs point to a further write down of Greek debt. Private creditors had to accept a major cut in the value of their bonds last year and in December, euro zone finance ministers said "additional measures" might be needed.

http://uk.reuters.com/article/2013/06/10/uk-greece-economy-analysis-idUKBRE9590NZ20130610