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Alternative Proposals for €50bn Asset Disposal Program

As growing skepticism spreads among European leaders over whether the Greek government will actually pay off its debts, EU officials and diplomats are considering how to take the burden out of Greece’s hands and get the country back on its feet.
One effective way, would be the setting up of an international agency to oversee the €50bn asset disposal programme promised by the Greek government. On Monday, however, the government vowed to fast track the sale of the country’s gaming-to-ports disposal program. Alternative proposals have now been put forward by Netherlands and Finland.
Dutch officials led by finance minister Jan Kees de Jager, propose to take on the responsibility of over-seeing the sell -off transferred to international experts. While the Finnish propose a transfer of all the companies into one large government- owned corporation that could be used as collateral for any future EU loans.
The international dispute will be a major issue discussed at a conference at Claridges hotel in London, on June 28. Greece’s top chief executives, investors and politicians will gather there to discuss the proposals. Also attending, will be business secretary Vince Cable, Hellenic Petroleum boss John  Costopoulos, National Bank of Greece chief executive Apostolos Tamvakakis and the head of gaming group OPAP, Yannis Spanoudakis.

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