Friday - 19 Apr 2024 | 00:59:34 Home  |  Sitemap  |  RSS   
 Gerasimov: Russia calls on SCO countries to participate in Syrias reconstruction   ::::   Damascus International Fair to witness wide international participatio   ::::   Ryabkov: UNSC to hold emergency session to discuss situation in Idleb   ::::   US-led coalition admits responsibility for killing 77 civilians in Raqqa last summer   ::::   Jubata al-Khashab in Quneitra is clear of terrorism   ::::   Lavrentiev: Moscow stands by Syria sovereignty Russian forces are there to combat terrorist organizations   ::::   Final statement of Astana 10 round affirms preserving Syrias sovereignty and territorial integrity   ::::   New batch of displaced Syrians return from Lebanon   ::::   Army liberates 8 towns and villages in al-Yarmouk basin, moving closer towards ending terrorism in Daraa countryside   ::::   As the Syrian army liberated Quneitra of terrorism, it will restore the occupied territory   ::::   South Ossetias President concludes his visit to Syria: Enhance aspects of cooperation with Damascus   ::::   Moscow: Consultations underway to lift unilateral economic sanctions on Syria   ::::   Zakharova: White Helmets involved in fabricating lies and criminal acts   ::::   Families of Russian Martyrs visit Syria, affirm joint war against terrorism   ::::   Presidents al-Assad and Bibilov affirm importance of launching bilateral relations between Syria and South Ossetia   ::::   46 buses carrying hundreds of terrorists on board exit from Quneitra countryside   ::::   Lavrov underlines importance of helping Syria in reconstruction   ::::   National flag hoisted in Naseeb town paving way for return of state institutions   ::::   Russian air defenses down UAV in Hmeimim   ::::   Terrorists who refused to join reconciliation in Mahajjeh town in Daraa northern countryside evacuated to northern Syria   ::::   Syria condemns the new Jewish racial law   ::::
Home » Business & Finance
Share |
Greek PM declares privatization a top priority
Rome - Greek Prime Minister Georges Papandreou has said privatization is now a top government priority aimed at convincing investors that debt-wracked Greece can respect the EU-IMF bailout terms.
“In the beginning privatizations were not a priority,” the premier told Italian daily Corriere della Sera in an interview published Saturday.
“Now privatizations occupy first place on our list (of priorities). We will be able to prove that we are capable of respecting our obligations concerning the debt through a series of development projects,” he said.
“There is a large consensus in both public opinion and in the opposition. That is why we will approve the privatization plan very shortly.”
Last year Athens received a 110-billion-euro ($156-billion) bailout from the European Union and International Monetary Fund, but a severe recession, corruption and a weak tax system have complicated efforts to bring its finances in order.
Speculation has mounted in recent days that Greece will need an additional 60 billion euros over the next two years as it will not be able to return to financial markets next year as expected to refinance its massive debt.
Rumors are also swirling that Greece may need to restructure its debt as the least worst option to save the country from defaulting.
Eurozone and EU finance ministers are expected to discuss Greece at meetings on Monday and Tuesday.
“We need to continue with an unwavering will, not only to reduce the deficit... but to eliminate corruption, reduce tax evasion and build a more balanced system,” said Papandreou.
Meanwhile he lashed back at recently floated proposals by some German government officials that Greece give up one of its islands or a historical monument as a warranty for a fresh loan.
“I want to say something about which we are very sensitive: to ask us for an island or a monument as a warranty is almost an insult,” Papandreou told the daily.
“People expect our words and actions to be sufficient guarantees.”
Sunday 2011-05-14  |  17:13:00   
Back Send to Friend Print Add Comment
Share |

Would you like to comment on the subject ? 
: Your Name
: Country
: Subject
: Comment

: Code
Copyright - All rights reserved
Powered by ©