How A Chinese Economic Policy Could Save Club Med Countries – By Mohnish Pabrai and Guy Spier

Thanks to Matt for passing this along.

Jutting into the Adriatic Sea is a highly coveted spit of land that houses the Astir Palace Resort. The Astir has played host to the likes of Jackie Kennedy Onassis, Jane Fonda and Nelson Mandela for well over half a century. The property is a gem, and now is not a good time to sell. But that is what the Greek government, as a partial owner, is about to do as part of the EU-IMF bailout package. They won’t raise much. There has to be a better way than this, and there is.