Greece’s Asset Sale May Fall Short, Milan Study Says, FT Reports

Greece’s planned sale of state assets, which is intended to raise 50 billion euros ($72 billion) for the country by 2015, may not bring in more than a quarter of that amount, unless more prime land and cultural heritage are added to the sales list, the Financial Times reported, citing a report by Privatisation Barometer, a Milan- based institute backed by Fondazione Eni Enrico Mattei and KPMG.

Only 13 billion euros of assets are ready for sale, leaving a shortfall of 37 billion euros, the study said, according to the FT.

To contact the reporter on this story: Blanche Gatt in London at

To contact the editor responsible for this story: Colin Keatinge at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.