arabtoday
Last Updated : GMT 09:56:11
Arab Today, arab today
Arab Today, arab today

Outgoing minister Georges Stathakis:

Greek privatisations will go ahead

Arab Today, arab today

Arab Today, arab today Greek privatisations will go ahead

Cargo terminal of Piraeus port
Athens - Arab Today

A major sell-off of Greek public assets promised as part of its huge international bailout will go ahead as planned, the outgoing economy minister said Wednesday, despite looming snap elections.

"The agreed arrangements have been agreed and will be applied," Georges Stathakis told reporters in answer to a question on the planned privatisation of Piraeus port, the national railway company and a string of other ports and airports.

Prime Minister Alexis Tsipras resigned last week after his acceptance of an 86 billion euro ($96 billion) rescue package for Greece's stricken economy triggered a major rebellion within his radical left Syriza party.

Elections are now likely to be held on September 20, just eight months after Syriza stormed to power on a wave of popular anger over tough austerity measures demanded by Greece's creditors in exchange for two previous bailouts.

Greece pledged to take on a major privatisation programme as part of the latest bailout, which also saw Tsipras agreeing to tax rises, spending cuts and sweeping economic reforms in exchange for the much-needed cash, incensing the Syriza rebels, who have now formed their own party.

The privatisations are expected to raise some 50 billion euros by the end of 2017, half of which would be used to recapitalise Greek banks, whose cash reserves have been drained of billions of euros by anxious customers.

Upon coming to power, the Syriza government froze several privatisation projects that are now being relaunched, including the concession of more than a dozen key regional airports to Germany's Fraport-Slentel consortium in a deal worth 1.23 billion euros.

Greece's election date is to be officially announced by President Prokopis Pavlopoulos by the end of the week.

Capital controls were imposed in early July in a bid to save Greece's financial system from collapse, but Stathakis said he expected these to be lifted "very soon".

Restrictions on the amount people can withdraw from cash machines will be relaxed "if banks' liquidity continues to improve", he added.
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greek privatisations will go ahead Arab Today, arab today greek privatisations will go ahead

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Holiday magic is everywhere

GMT 13:04 2016 Saturday ,03 December

Holiday magic is everywhere
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today As nearly 20,000 children flee Aleppo

GMT 07:50 2016 Saturday ,03 December

As nearly 20,000 children flee Aleppo
Arab Today, arab today What next after landmark

GMT 09:01 2016 Saturday ,03 December

What next after landmark

GMT 12:11 2016 Friday ,02 December

To step aside, stay as chairman

GMT 10:49 2016 Tuesday ,29 November

Trump, Brexit causing uncertainty

GMT 05:57 2016 Saturday ,26 November

Plan to save Saudi construction firm

GMT 16:54 2016 Wednesday ,23 November

Iraq to up crude output because gap

GMT 15:26 2016 Tuesday ,22 November

Russia ready to freeze production

GMT 14:19 2016 Tuesday ,22 November

PM May seeks to soothe Brexit fears at business summit

GMT 21:32 2016 Monday ,21 November

Sisi visit aims cooperation with Portugal
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today For Yazidi women left behind

GMT 08:00 2016 Saturday ,03 December

For Yazidi women left behind
Arab Today, arab today Green groups pressure Spain

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today Austria's race against time

GMT 11:44 2016 Thursday ,01 December

Austria's race against time
Arab Today, arab today Car manufacturers to power Europe

GMT 13:01 2016 Tuesday ,29 November

Car manufacturers to power Europe

GMT 12:45 2016 Tuesday ,29 November

To find German funny bone

GMT 13:52 2016 Monday ,28 November

Punk memorabilia torched

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 12:39 2016 Friday ,25 November

Arctic 9-12C above normal

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:19 2016 Monday ,21 November

New nationalism stoking fears

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday