Thursday, June 23, 2011

Raising $50 Billion From Greek Real Estate Is Herculean Task

 
















A wooden sculpture of a man’s head locked in a vise sits behind Aristotelis Karytinos, general manager of real estate at National Bank of Greece SA and a government adviser on making money from state assets.

“That’s how we’re all feeling lately,” Karytinos said of the figurine perched on a cabinet in the central Athens office, his desk covered in documents he must sift through.





businessweek