Tuesday, September 19, 2006

Location, location, location...

...makes all the difference when you've got a billion Euros to make up:

BRUSSELS — There are seven potential buyers lining up to purchase the Belgian embassy in Tokyo, a sale that would help close a federal government budgetary shortfall.

....The embassy is valued at more than EUR 100 million. It is a green oasis in the crowded city centre of the Japanese capital.

....It was revealed last week that budget estimates made in July were based on incorrect data from the Finance Ministry. The error suddenly delivered Budget Minister Freya Van den Bossche a deficit of almost EUR 1 billion for the 2006 Budget.

The most optimistic government officials hope that several financial bonuses can close the budgetary hole.

The largest bonus, however, appears to be the sale of the Tokyo embassy.

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