Greek Assets to Be Sold in Bailout ‘Don’t Exist,’ Minister Says
Greek Assets on the Bailout Block: Asking Price $55B
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The Greek economy minister expressed doubt about whether the country can meet a target for unprecedented sales of state assets, a key component of its new bailout deal with creditors.
A planned fund to carry out up to 50 billion euros ($55 billion) in government disposals “will work more as a guarantee,” George Stathakis said in an interview with Bloomberg Television on Tuesday in Athens. “I don’t think we will proceed with real privatizations of these assets.”