While there might be a few - yes, sun-spoilt for sure - uninhabited rocks in the Aegean that could be turned into petty cash, many of the 3,000 or more islands are uncomfortably close to the coast of Turkey and might not be that attractive to investors.
More often than not one might get unannounced visits from refugees that land on these islands in ramshackle rubber dinghies. Not really the "Onassis feeling," is it?
Ok, if islands are not a real cash option and - often deplored by Greek politicians - many of the valuable antiquities have long been pilfered (by fellow Europeans), what DOES Greece still have to sell?
Jokes and satire aside, there are still some assets Greece could sell. Some state-owned family silver so to speak. Such as public utility DEI. But such a move would be extremely unpopular with the unions (well, what else is new?).
The government made a few half-hearted attempts at privatizing DEI and the unions always very successfully kyboshed that - very effectively, by turning the lights off in Athens for a few hours. Result: DEI still is firmly in state hands.
Really, Greece is only facing what other, richer countries have faced before: painful, all too painful economic restructuring, lay-offs and selling off the "family silver".
Germany had to do it in order to finance the debts of German unification. The UK had to do it in the depth of its economic crises of the seventies and eighties. And France had to do it (and is doing it still).
There were protests, general strikes, steel workers and miners marching in order to defend their jobs and their livelihoods; and governments came under pressure - and on occasion were booed out of power.
But in the end, that did not stop the painful restructuring. It happened all the same, with all the pain it involved. As it will happen in Greece. Greece will survive this crisis. Whether the present Greek government will ... well, the jury is still out on this one.
Maybe Papandreou and Co should invest in one of those "sun-spoilt islands" in the Aegean while they still have the chance ... just in case they end up enjoying their retirement rather earlier than planned.