Greece’s target of 2 billion euros in privatization revenues this year is high but can be met, the chairman of the country’s privatizations agency TAIPED said on Friday, according to the following report by Reuters:
“Undoubtedly it’s a very high target. It’s a challenge, I would say, for the agency,” Aris Xenofos told Greece’s Alpha 989 radio, according to a transcript of the interview. “But I think it’s a feasible target.”
Even though privatizations have been a pillar of Greece’s bailouts since 2010, they have raised proceeds of only 5 billion euros, rather than a targeted 50 billion euros, mainly due to the crisis, political and union resistance and bureaucracy.
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Source: ekathimerini.com
