The objective of the Greek government to raise 50 billion euros from privatisations cannot be achieved, said Greece’s Deputy Finance Minister, Pantelis Oikonomou, while responding to questions from left-wing MPs. However, added Oikonomou, “We must continue on this path on the road to privatisations, otherwise we will have to adopt other measures and we will move towards default”.
Meanwhile, Minister of Finance, Evangelos Venizelos, notified Parliament Speaker, Filippos Patsalnikos of the composition of the Privatisation Agency’s board of directors, the independent group that will be given the task of implementing the plan for privatisation and to sell state-owned real estate. In his letter to the Speaker, the Finance Minister asked – according to the Greek dailies – for all procedures to get the agency up and running to be carried out as soon as possible, which, according to the law on the implementation of the Medium Term Programme, must begin work by July 20.
There are five members of the board of directors of the Privatisation Agency, chosen in agreement from the governing party, PASOK, the main opposition party, New Democrats, and right-wing party, Laos. Two observers, representatives of Greece’s creditors, the EU and the countries of the euro area, will also sit on the board, and will have the right to appoint three of the seven members of the Agency’s council of experts.
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