privatization fund
Archaeology
Greece Removes Archaeological Sites from Privatization Fund After Protests
The Greek government has decided to remove more than 2,000 ancient sites, monuments and museums from a state assets fund after archaeologists protested, fearing the country's heritage might be sold off.
Among the sites included was the Palace of Knossos...
Economy
German FinMin: Greece Must Have Privatization Fund Management in Place by Year End
German Finance Minister Wolfgang Schaeuble said that Greece must have the management of its privatization fund in place by the end of 2016, Reuters reports.
Schaeuble spoke in the aftermath of Monday's Eurogroup in Luxembourg, where euro zone finance ministers...
Economy
Greece's Creditors Reject Irreversible Fund But Work on Incentives to Legalize Hidden Assets
The first week of talks between Greece and creditors failed to prefer concrete results. The government's efforts for the creation of a "special irreversible bank account" have been futile after representatives of Greece's creditors (European Commission, European Central Bank,...
Economy
Greece's Talks with Creditors Resume, Privatization Fund and Corruption First on Agenda
Negotiations on the second bailout program review between Greece and creditors resume Monday with the new privatization fund and corruption first on the agenda.
The two sides will discuss the progress of the bailout program prerequisites with the Greek side...
Economy
No Greek Delays in Implementing Prior Actions, Only 'Challenges'
There is “no significant delay” so far in the implementation of the prior actions that will unlock the sub-tranche of the 2.8 billion euros for Greece, a senior Eurozone official said on Friday. He added, however, that Greek authorities...
Business
Fraport Promises 20,000 Jobs in Greece's Regional Airports
The Fraport-Copelouzos consortium that took over 14 regional airports in Greece promised 20,000 jobs at the presentation of Fraport Greece on Monday.
The German-Greek investment deal was signed in December as part of a series of privatizations carried out by...
Economy
Talks Between Greek Officials and Lenders Reveal Sharp Differences on Critical Economic Issues
The representatives of Greece’s official lenders appear to have rejected the government’s proposal for tackling the problem of “black money” by charging fines of up to 35% to those who claim they "forgot” to declare income.
Instead, it has been...
Economy
Eurogroup President Asks Greece to Accept Deeper Pension Cuts and Create a New Privatization Fund
Dutch finance minister and Eurogroup president Jeroen Dijsselbloem told European Parliament that Greece needs sharper cuts in pension benefits and a new privatization fund to secure the loans provided to the country by its European partners.
Regarding pensions, Dijsselbloem adopted the...
Economy
Greece's Creditors Suggest Spending Cuts Instead of Tax, Contribution Hikes
Creditors suggest that Greece should proceed with government spending cuts instead of raising taxes and contributions in order to save security funds.
According to a new report by the European Central Bank, at this point the Greek government must proceed...
Economy
German Press: "Greece is Like a Rudderless Ship"
Greece is like a rudderless ship as the government delays implementation of the bailout program reforms, says German newspaper Die Welt.
According to the report, the negotiations with creditors that lasted for months had a catastrophic effect on Greek economy.
The...