Greece: Orthodox Church offers up property to raise funds for country's debt

The head of Greece's Orthodox Church said on Saturday it was willing to put property it owns up for development to help raise money to repay the country's debt.

The Orthodox Church is a powerful institution in Greece and owns more land than anyone except the state, including prime real estate in Athens.

"Come, let's develop (the property) for Greece," Archbishop Ieronymos of Athens told Greek TV in an interview during the Greek Orthodox Easter holiday. "If needed by the state to cooperate, we're here."

Asked if the Church would consider selling off property, he said: "No, I would say let's work together and (the state can) use the revenues to repay all its debts ... but the plots of land will remain Greek, in Greek hands."

He did not say what kinds of business developments he had in mind.

It is unclear how much property the Church owns as its structure is decentralized and Greece has no central land registry.

Greece has teetered on the verge of bankruptcy since its debt crisis broke out in 2009 and has depended on rescue loans totaling 240 billion euros from the European Union and International Monetary Fund to stay afloat.

It has not received any loans since last August and risks running out of cash within weeks while Prime Minister Alexis Tsipras's new leftist government seeks to strike a deal with creditors on reforms.

While an integral part of Greek society, critics say the Church owns too many assets, pays too little in taxes and has failed to contribute its fair share as ordinary Greeks' bills have soared during the economic crisis.

The Church has called such accusations "a myth".

related articles
Greece\'s first secular inauguration sees new leader pledge to end austerity
Greece's first secular inauguration sees new leader pledge to end austerity

Greece's first secular inauguration sees new leader pledge to end austerity

Greece \'will not be pushed\' into accepting old bailout programme
Greece 'will not be pushed' into accepting old bailout programme

Greece 'will not be pushed' into accepting old bailout programme

Greece: Crowds flock to see Jesus statue \'weeping\' after change in government
Greece: Crowds flock to see Jesus statue 'weeping' after change in government

Greece: Crowds flock to see Jesus statue 'weeping' after change in government

News
Russia and Ukraine agree to temporary Orthodox Easter truce
Russia and Ukraine agree to temporary Orthodox Easter truce

In the Orthodox calendar, Easter falls one week after the date celebrated in western Europe.

Bishop urges people of Britain to stand up for Christian truth
Bishop urges people of Britain to stand up for Christian truth

It follows an earlier open letter addressed to King Charles, calling upon him to defend Christianity in line with his titles of Supreme Governor of the Church of England and "Defender of the Faith".

Fundraising Regulator reminds churches that collections are subject to code of practice
Fundraising Regulator reminds churches that collections are subject to code of practice

Churches can breach the code even when acting in good faith.

Religion is often left unspoken in the workplace despite widespread faith identity, research finds
Religion is often left unspoken in the workplace despite widespread faith identity, research finds

Fifteen per cent of UK employees with a faith say they have experienced religious discrimination in the workplace.