Friday, February 18, 2011

Greek resistance EU on sale of assets is useless

The Greek government has quarreled with the EU over the last auditor calls for the sale of assets of 50 billion euros by 2015 as part of recovery from the debt burden. Derus, the auditor EU joint delegation of the IMF and the ECB urged Greece to sell the public beaches for tourism development and the housing market, sell the old airport in Athens, and abandon certain public lands, regional airports and ports. Such requirements are developed by the end of the quarterly review, and they were nominated at a press conference last Friday.
In response, the Greek Prime Minister George Papandreou said on Tuesday about the new law, which put a ban on the sale of state land, including beaches. The government has announced plans to sell some assets, including renewal of lease of the Athens International Airport and the sale of stakes in state-owned gas corporation. Frankly, these initiatives are extremely insignificant, given the scale of debts. The IMF and the EU insist on the sale of assets, so that the country was paying its debts. In November, the EU said in a statement that the sale of assets in Greece should be strengthened. Greek resistance selling useless. Without substantial disposition of assets of the program, the chances of Greece avoid a default will be considerably less.

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