Germany insists on Greek privatisation €50 billion revenue goal

For Germany, the bailout agreement made with Greece last summer which envisaged 50 billion euros in privatisation revenues, is still valid, a spokeswoman for the finance ministry said.

The spokeswoman said Greece had agreed with its international lenders that 50 billion euros in privatisation revenues included in the programme’s Memorandum of Understanding.

As far as we are concerned, this Memorandum of Understanding is still valid,” she said at a government news conference.

On Tuesday, Greece’s Economy Minister George Stathakis said in Berlin that Athens may end up with just 6 or 7 billion euros in privatisation revenues.

Source: Reuters

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