Pri­va­ti­za­tion agency.

Kathimerini English - - BUSINESS & FINANCE -

Athens and its Euro­pean cred­i­tors are about to reach an agree­ment on form­ing a pri­va­ti­za­tion agency that will work in­de­pen­dently from the Greek gov­ern­ment, Ger­man news­pa­per Han­dels­blatt re­ported yes­ter­day. With­out cit­ing sources, Han­dels­blatt said it was still open whether the In­ter­na­tional Mon­e­tary Fund, the Euro­pean Union or the Euro­pean Cen­tral Bank would be in­volved in the agency’s busi­ness. EU of­fi­cials have asked Athens to step up pri­va­ti­za­tions ur­gently and sug­gested set­ting up a trustee in­sti­tu­tion to help over­see the process, sim­i­lar to the body that pri­va­tized East Ger­man com- pa­nies af­ter the fall of com­mu­nism. The EU has not asked to play a ma­jor role in the as­set sales and is only of­fer­ing its ex­per­tise, Fi­nance Min­is­ter Gior­gos Pa­pa­con­stanti­nou said on Satur­day. Pa­pa­con­stanti­nou also promised to raise 28 bil­lion by 2015 from spend­ing cuts and in­come tax in­creases, Han­dels­blatt also re­ported with­out cit­ing sources. (Reuters) years ago, or a soft re­struc­tur­ing, Malo de Molina said Greece al­ready has mea­sures in place to tackle its surg­ing debt. “Don’t ex­pect from me a po­si­tion dif­fer­ent to that of the ECB, which has al­ways been in fa­vor of a so­lu­tion in Greece on the lines al­ready es­tab­lished by the euro group,” he said in an in­ter­view at a real es­tate con­fer­ence in Madrid yes­ter­day. Sad­dled with Europe’s heav­i­est debt load, Greece is seek­ing ad­di­tional loans on top of last year’s 110bil­lion-euro ($158 bil­lion) Euro­pean Union-led bailout. (Bloomberg) day to de­mand larger gov­ern­ment sub­si­dies, ac­tivists said. The block­ade af­fected most of Vo­jvo­d­ina, Ser­bia’s bread­bas­ket bor­der­ing Croa­tia, Hun­gary and Ro­ma­nia. Ser­bian po­lice de­ployed through­out the area and near the north­ern town of Pancevo to pre­vent farm­ers from driv­ing trac­tors to the Agri­cul­ture Min­istry and other gov­ern­ment build­ings in cen­tral Bel­grade. “Farm­ers in Brus­sels could go to the city cen­ter and we can’t go to Bel­grade,” com­plained farmer Slo­bo­dan Pesic. He said the po­lice “even drove some trucks filled with gravel to stop us.” The protests started on Mon­day af­ter the gov­ern­ment adopted a bud­get that kept sub­si­dies to reg­is­tered farm house­holds at about $200 per hectare, the same as in 2010. (Reuters)

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.