November 29th, 2012
02:56 PM ET

What won't Europe sell?

For more Last Look, watch GPS on Sundays at 10 a.m. and 1 p.m. ET.

The eurozone is officially in a double dip recession and is therefore a victim of falling tax revenues. So governments need to find new sources of revenue. What to do? Sell stuff. And in Italy, they were selling everything but the church. Now they are selling the church (sort of).

Watch the video for the full Last Look

Post by:
Topics: GPS Show

soundoff (4 Responses)
  1. j. von hettlingen

    Italy could easily sell its Renaissance Old Masters and get real good prices at Christies' or Sotheby's.

    November 29, 2012 at 4:13 pm | Reply
  2. Festus

    I collect barometers. Maybe they could put some of them on eBay.

    November 29, 2012 at 4:35 pm | Reply
  3. skyler

    it is the high time to re-invent the currency globally as these recession is unlike the 1930s where only one nation was impacted. This one will sink the entire world's economy. just another way to put it: we are all now interconnected so fall of one region indicates fall coming for the rest too! specially when we do our business in the same way.!

    November 29, 2012 at 5:05 pm | Reply
  4. deniz boro

    There is a purchaser for any good. And Europe has a lot to sell before getting down to movables and immovables. And It still has a large market for buyers for the goods it has on the window. Europe can still sell EU; it can still sell its marketing system (unreasonably outdated but still profitable); it can still sell its insurance/guarantee background(that's a long term investment depending solely on reliability); It can sell its dominance on arts (I was sitting in a Cafe in Montmartre, a streat artist came out and wanted to do my profile from paper cuttinf for 15 Franks. When I refused he really did abuse me saying I have no respect for Arts. Well, I am a painting graduate. I know my portrait from heart). All and all they can sell tradition and established ties.

    November 29, 2012 at 8:13 pm | Reply

Post a comment


CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.