Plum­met­ing state stocks de­value mea­sures

Kathimerini English - - Business & Finance -

Re­ac­tions aside, the de­cline of state-owned stocks such as Thes­sa­loniki Wa­ter Com­pany EYATH, ATEbank, Hel­lenic Post­bank, etc means that the rev­enues the gov­ern­ment would reap from pri­va­ti­za­tions in its Midterm Fis­cal Sta­bil­ity Pro­gram would not ex­ceed 3 bil­lion eu­ros for the 2012-2015 pe­riod. The gov­ern­ment has in­stead aimed at pri­va­ti­za­tions to the amount of 50 bil­lion eu­ros by 2015. The Athens bourse has lost more than 12 bil­lion eu­ros of its cap­i­tal­iza­tion since Fe­bru­ary 18.

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