Debt crisis: Greece sells London property to raise funds Estate agent Marsh & Parsons, has been appointed to sell the Victorian house, which stretches across 10,000 square feet in the exclusive London borough, in a sale that could fetch £12m. A former palace that belonged to Greece's royal family is also on the block. The partially-ruined Palace of Tatoi near Athens was home to the family before they fled Greece in 1967. The estate comes with 40 outbuildings and stables, plus an old family graveyard. Other lots include office buildings in Brussels, property in Belgrade, a home in Llubljana and land in Nicosia, Cyprus. Last year Greece agreed to raise €50bn before 2020 by auctioning off assets. Meanwhile, the Finnish Prime Minister Jyrki Katainen added to the criticism of the eurozone's big rescue plan - European Central Bank's new bond-buying plan. "It has led to a positive situation, but I'm not fully sure if it will help in the long run," he said. He added that traders were not listening to Spain's efforts to reduce its debts and avoid a bail-out. "The problem is that whatever the countries do, the interest rates do not necessarily follow, as the markets do not analyse each country's own action but they are afraid of a domino effect," he said. Mariano Rajoy, Spain's prime minister, was forced again to defend his austerity efforts to MPs. "The policy is to reduce the deficit because if we don't reduce the deficit we aren't going to be able to finance ourselves," he said in parliament. The hard task is being made harder by capital outflows: a total of €326bn was pulled out of Banks in Spain, Portugal, Ireland and Greece in the year to the end of July, according to research by Bloomberg. France and Germany continued to trade arguments over the scope of the planned European bank supervisor. Andrea Enria, the chairman of the exisiting one, the European Banking Authority, complained of "stringent resource constraints" and a staff shortage. He told the Economic and Monetary affairs committee of the European Parliament: "Notwithstanding the generous support provided by national supervisory authorities, which have seconded a significant number of staff at our premises during the periods of our most intense workload, it remains difficult for us to fulfil our tasks under such stringent resource constraints."