EU/IMF sell-off idea infuriates Athens

Published on 14 February 2011 at 11:03

Cover

In what Elfetherotypiadescribes as another "tragicomic" development in the Greek debt saga, the EU and the IMF announced on 11 February that the country will have to privatise 50 billion euros worth of state assets, including 15 billion by 2015, instead of the 7 billion euros initially foreseen as a condition of the country’s bailout package. “Ports, airports, beaches, electricity, trains will all have to sold as quickly as possible,” complains the left-wing daily. In response to the ensuing public outcry, the Greek government described the demands as unacceptable. However, according to the newspaper, the latest development highlights "the difficult position of the government and the problem posed by issues of internal communication. The government has been slow in responding, while everyone is aware that we are fast approaching a situation in which more drastic measures will be required.”

Categories
Tags

Was this article useful? If so we are delighted!

It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.

Discover our subscription offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic