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Austrian Railways Head: IMF Privatization Targets for Greece 'Unrealistic'

OSE trainThe International Monetary Fund‘s targets and expectations from privatizations in Greece are unrealistically high, Austrian Federal Railways (OBB) head Christian Kern said in an interview to local monthly magazine Trend, published on Monday.
Taking the Greek railway‘s privatization plan as an example, Kern said he was surprised at the target sum expected to be raised from its privatization and suggested that the IMF’s stance is “out of touch with reality” and not in the interests of either Greece or its creditors.
As had been the case in other countries, he added, the IMF and World Bank experts put down “imaginary numbers” in their documents, striving to privatize a sector that, in his opinion, is better off to remain public.
“Reforms are necessary but the anticipated revenue from privatizations are unrealistic,” Kern stressed.
(source: ana-mpa)

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