Greece to privatize as way forward
Source: Agencies |
July 9, 2012, Monday
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Print Edition
Print Edition
GREECE'S three-party coalition government will try to get the economy out of its deep recession by encouraging private investment and making privatization its "highest priority," finance minister Yannis Stournaras said on Saturday.
"The privatization program aims at attracting important international capital that will be invested mainly in property development and infrastructure," Stournaras told parliament on the second day of the debate on the government's policy platform.
He said the government plans to give priority to 28 privatization projects, including the state natural gas, water and betting firms, the development of the former Athens airport, other airports, yacht marinas, the state railways and the sale and leaseback of 28 state properties. The privatization of Public Power Corporation will come later, he said.
Earlier, the leader of Greece's main opposition party accused the coalition of wanting to sell Greece's resources and public companies on the cheap.
"The prime minister's policy statement was nothing more than a 'for sale sign' put on Greece," Alexis Tsipras, head of the Coalition of the Radical Left party, known as Syriza, told Parliament. He said he was warning those who want to "grab state property on the cheap." He added would-be buyers of state property might lose all their money and face criminal proceedings.
"The privatization program aims at attracting important international capital that will be invested mainly in property development and infrastructure," Stournaras told parliament on the second day of the debate on the government's policy platform.
He said the government plans to give priority to 28 privatization projects, including the state natural gas, water and betting firms, the development of the former Athens airport, other airports, yacht marinas, the state railways and the sale and leaseback of 28 state properties. The privatization of Public Power Corporation will come later, he said.
Earlier, the leader of Greece's main opposition party accused the coalition of wanting to sell Greece's resources and public companies on the cheap.
"The prime minister's policy statement was nothing more than a 'for sale sign' put on Greece," Alexis Tsipras, head of the Coalition of the Radical Left party, known as Syriza, told Parliament. He said he was warning those who want to "grab state property on the cheap." He added would-be buyers of state property might lose all their money and face criminal proceedings.
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