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The externalization of the real estate assets of private businesses began in the United States during the 1990's and has become so widespread that today more than 80% of all businesses in North America lease their real estate. The phenomenon has extended to Europe where it has grown since the beginning of the century. In the context of public debt crisis since 2008, the question now becomes whether or not governments will use their own real estate assets as a source of financing. This essay reviews the strategies implemented by a sample of Eurpoean countries regarding State-owned real estate.
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