THE LIST OF WHO’S WHO TAKING ADVANTAGE OF FAILED EU AUSTERITY EXPERIMENT IN GREECELike a spoiled child on a spending spree with no parental guidance, Greece is forced to sell some of the most beautiful real estate in the world on the cheap Wealthy foreign investors are expected to buy up Greek islands in coming months as Monday s bailout will likely force hard-hit rich Greek moguls to dump their piece of paradise. This  fire sale  of private Greek islands to  bargain hunters  is expected to take place over the next few years, according to property agent Knight Frank.Greece imposed the first-ever real estate tax last year to raise cash for creditors, making property ownership prohibitively expensive, according to Knight Frank s Island Report.Foreign investors are taking advantage of the falling property prices, which have plunged by 30 percent over the last five years thanks to Greece s debt crisis. Here are some island hunters who hoped to profit from Greece s woes:Russian billionaire s daughter buys Skorpios for ~$150 million Ekaterina Rybolovleva, the daughter of Russian billionaire and former owner of Russia s largest potassium fertilizer producer Dmitry Rybolovlev, reportedly bought the island for $150 million in 2013. Skorpios was owned since 1962 by shipping tycoon Aristotle Onassis and served as the location of his wedding to Jackie Kennedy. His daughter eventually sold it to Rybolovleva, although it was reported that Madonna and Bill Gates had expressed interest in scooping it up.Qatari Emir buys six Greek islands for $9.4 million If you can t afford Skorpios, buy a half a dozen other islands. That s what Hamad bin Khalifa Al Thani did in 2013 when Rybolovleva reportedly wouldn t lower her asking price for Skorpios. Al Thani planned to use the islands exclusively for his 24 children and three wives, The Guardian reported.Brangelina looking at $4.7 million island Gaia Brad Pitt and Angelina Jolie wanted their six children to run around in peace without the paparazzi, news outlets reported in June. The 43-acre island secured planning permission for six villas back in June, The Washington Post reported.Chinese construction magnate buys island for $770,000 In a bidding war of 48 Chinese investors in March, a Greek island up for auction on Taobao (China s eBay) was nabbed by a construction tycoon from China s Yunnan province, International Business Times reported. The same man also reportedly bought a Canadian island for 1.7 million yuan, or $273,985.Dozens of other Greek islands are listed on Private Islands Online, with more expected to crop up as once-wealthy owners are forced to liquidate their assets. A 54-acre Stroggilo Island, with  a perfect 110 meters beach that can easily transform to a heaven on earth place for vacations,  is available for the paltry sum of $4.5 million.Via: VocativGreece could exist outside the euroAdmittedly, it would mean yet more hardship and austerity, but maybe one day they would be able to use the freedom having their own currency would give them to rebuild a more competitive economy. It worked for Britain. That said, their euro currency debt would immediately rise in real-terms value against any New Drachma, and would make the debt burden even worse. Default would be inevitable; as it may be anyway.Even if they got their debts entirely written off, it would all start over again before longThis is the fundamental point. Greece was living beyond her means after the euro was introduced; taking advantage of the cheap interest rates on the euro bestowed by its status as a strong currency backed by Germany. They had a great big party, buying all those nice German cars and the consumer digital wonders of the noughties; and now the hangover is still taking time to work through. There is no reason to believe that such reforms as there have been in Greece will be enough to enable Greeks to live comfortably within their means. The debts will pile up and the crisis will return. Syriza has no policies to make Greece competitive with say the Slovaks or Poles, let alone Korea and China. Via: The Independent UK left-news
the list of who s who taking advantage of failed eu austerity experiment in greecelike spoiled child spending spree parental guidance greece forced sell beautiful real estate world cheap wealthy foreign investors expected buy greek islands coming months monday bailout likely force rich greek moguls dump piece paradise this fire sale private greek islands bargain hunters expected take place next years according property agent knight imposed real estate tax last year raise cash creditors making property ownership prohibitive expensive according knight frank island investors taking advantage falling property prices plunged percent last five years thanks greece debt crisis here island hunters hoped profit greece woes russian billionaire daughter buys scorpion million katrina rybolovleva daughter russian billionaire former owner russia largest potassium fertilizer producer diary rybolovlev reportedly bought island million scorpion owned since shipping tycoon aristotle classis served location wedding jackie kennedy his daughter eventually sold rybolovleva although reported madonna bill gates expressed interest scoring emir buys six greek islands million if afford scorpion buy half dozen islands that ahmad bin khalifa al than rybolovleva reportedly lower asking price scorpion al than planned use islands exclusively children three wives the guardian looking million island gain brad pitt angela julie wanted six children run around peace without paparazzi news outlets reported june the island secured planning permission six villas back june the washington post construction magnate buys island in bidding war chinese investors march greek island auction taboo china ebay named construction tycoon china yuan province international business times reported the man also reportedly bought canadian island million yuan greek islands listed private islands online expected crop owners forced liquidated assets a stroggilo island perfect meters beach easily transform heaven earth place vacations available pastry sum vocativgreece could exist outside euroadmittedly would mean yet hardship austerity maybe one day would able use freedom currency would give rebuild competitive economy it worked britain that said euro currency debt would immediately rise value new drama would make debt burden even worse default would inevitable may got debts entirely written would start lengths fundamental point greece living beyond means euro introduced taking advantage cheap interest rates euro bestowed status strong currency backed germany they great big party buying nice german cars consumer digital wonders noughties hangover still taking time work there reason believe reforms greece enough enable greek live comfortably within means the debts pile crisis return syria policies make greece competitive say slogans poles let alone korea china via the independent uk
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: THE LIST OF WHO’S WHO TAKING ADVANTAGE OF FAILED EU AUSTERITY EXPERIMENT IN GREECELike a spoiled child on a spending spree with no parental guidance, Greece is forced to sell some of the most beautiful real estate in the world on the cheap Wealthy foreign investors are expected to buy up Greek islands in coming months as Monday s bailout will likely force hard-hit rich Greek moguls to dump their piece of paradise. This  fire sale  of private Greek islands to  bargain hunters  is expected to take place over the next few years, according to property agent Knight Frank.Greece imposed the first-ever real estate tax last year to raise cash for creditors, making property ownership prohibitively expensive, according to Knight Frank s Island Report.Foreign investors are taking advantage of the falling property prices, which have plunged by 30 percent over the last five years thanks to Greece s debt crisis. Here are some island hunters who hoped to profit from Greece s woes:Russian billionaire s daughter buys Skorpios for ~$150 million Ekaterina Rybolovleva, the daughter of Russian billionaire and former owner of Russia s largest potassium fertilizer producer Dmitry Rybolovlev, reportedly bought the island for $150 million in 2013. Skorpios was owned since 1962 by shipping tycoon Aristotle Onassis and served as the location of his wedding to Jackie Kennedy. His daughter eventually sold it to Rybolovleva, although it was reported that Madonna and Bill Gates had expressed interest in scooping it up.Qatari Emir buys six Greek islands for $9.4 million If you can t afford Skorpios, buy a half a dozen other islands. That s what Hamad bin Khalifa Al Thani did in 2013 when Rybolovleva reportedly wouldn t lower her asking price for Skorpios. Al Thani planned to use the islands exclusively for his 24 children and three wives, The Guardian reported.Brangelina looking at $4.7 million island Gaia Brad Pitt and Angelina Jolie wanted their six children to run around in peace without the paparazzi, news outlets reported in June. The 43-acre island secured planning permission for six villas back in June, The Washington Post reported.Chinese construction magnate buys island for $770,000 In a bidding war of 48 Chinese investors in March, a Greek island up for auction on Taobao (China s eBay) was nabbed by a construction tycoon from China s Yunnan province, International Business Times reported. The same man also reportedly bought a Canadian island for 1.7 million yuan, or $273,985.Dozens of other Greek islands are listed on Private Islands Online, with more expected to crop up as once-wealthy owners are forced to liquidate their assets. A 54-acre Stroggilo Island, with  a perfect 110 meters beach that can easily transform to a heaven on earth place for vacations,  is available for the paltry sum of $4.5 million.Via: VocativGreece could exist outside the euroAdmittedly, it would mean yet more hardship and austerity, but maybe one day they would be able to use the freedom having their own currency would give them to rebuild a more competitive economy. It worked for Britain. That said, their euro currency debt would immediately rise in real-terms value against any New Drachma, and would make the debt burden even worse. Default would be inevitable; as it may be anyway.Even if they got their debts entirely written off, it would all start over again before longThis is the fundamental point. Greece was living beyond her means after the euro was introduced; taking advantage of the cheap interest rates on the euro bestowed by its status as a strong currency backed by Germany. They had a great big party, buying all those nice German cars and the consumer digital wonders of the noughties; and now the hangover is still taking time to work through. There is no reason to believe that such reforms as there have been in Greece will be enough to enable Greeks to live comfortably within their means. The debts will pile up and the crisis will return. Syriza has no policies to make Greece competitive with say the Slovaks or Poles, let alone Korea and China. Via: The Independent UK left-news
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: the list of who s who taking advantage of failed eu austerity experiment in greecelike spoiled child spending spree parental guidance greece forced sell beautiful real estate world cheap wealthy foreign investors expected buy greek islands coming months monday bailout likely force rich greek moguls dump piece paradise this fire sale private greek islands bargain hunters expected take place next years according property agent knight imposed real estate tax last year raise cash creditors making property ownership prohibitive expensive according knight frank island investors taking advantage falling property prices plunged percent last five years thanks greece debt crisis here island hunters hoped profit greece woes russian billionaire daughter buys scorpion million katrina rybolovleva daughter russian billionaire former owner russia largest potassium fertilizer producer diary rybolovlev reportedly bought island million scorpion owned since shipping tycoon aristotle classis served location wedding jackie kennedy his daughter eventually sold rybolovleva although reported madonna bill gates expressed interest scoring emir buys six greek islands million if afford scorpion buy half dozen islands that ahmad bin khalifa al than rybolovleva reportedly lower asking price scorpion al than planned use islands exclusively children three wives the guardian looking million island gain brad pitt angela julie wanted six children run around peace without paparazzi news outlets reported june the island secured planning permission six villas back june the washington post construction magnate buys island in bidding war chinese investors march greek island auction taboo china ebay named construction tycoon china yuan province international business times reported the man also reportedly bought canadian island million yuan greek islands listed private islands online expected crop owners forced liquidated assets a stroggilo island perfect meters beach easily transform heaven earth place vacations available pastry sum vocativgreece could exist outside euroadmittedly would mean yet hardship austerity maybe one day would able use freedom currency would give rebuild competitive economy it worked britain that said euro currency debt would immediately rise value new drama would make debt burden even worse default would inevitable may got debts entirely written would start lengths fundamental point greece living beyond means euro introduced taking advantage cheap interest rates euro bestowed status strong currency backed germany they great big party buying nice german cars consumer digital wonders noughties hangover still taking time work there reason believe reforms greece enough enable greek live comfortably within means the debts pile crisis return syria policies make greece competitive say slogans poles let alone korea china via the independent uk