Greece is doing the California shuffle

NY Times:

PARIS - Greece announced a big sale of state-owned assets Wednesday, as the cash-strapped government moved to close a yawning budget deficit and fulfill the terms of an international rescue package.
The government will sell 49 percent of the state railroad, list ports and airports on the stock market and privatize the country's casinos, the Finance Ministry said after a cabinet meeting in Athens. The government will also sell stakes in water utilities serving Athens and Thessaloniki, sell 39 percent of the post office, and combine its vast real estate assets into a holding company to be listed on the stock market.