tagged: Economy, Finance Ministry, George Christodoulakis, Greece, greek finance ministry, investments, OSE, privatization plans

Greece privatization plans: Investors are most welcome!

Posted by keeptalkinggreece in Economy

No, sorry! We don’t sell Greek islands or the Acropolis!  But other goodies that can be profitable under a competent management.

Greece seems to have finally prepared a thorough privatization program on how to get rid of  money devouring state-owned assets and semi-civil servants, who have spend our taxes together with politicians for their own benefits for decades.

Of course, Greece has to be privatize under the pressure of lenders and bailout designers IMF/EU and ECB. From infrastructure to gambling, from Airports to Trains , state stakes will go under hammer in order to fill  the holes of the empty state registries with warm money. Money that will be able to create a banknotes mountain worth of  3 billion within the next 3 years.

George Christodoulakis, special secretary for privatization at the Finance Ministry, revealed the Greek privatization program in an exclusive interview to  Wall Street Journal.

The privatization program is also about “restructuring the local economy and not just money,” said Christodoulakis adding ”We are encouraging viable private investment but want to secure the public interest in modern ways so there won’t be any fire sales”.

What’s for Sale?

Top priority: Privatization of Hellenic Railways 

Second priority: Exploitation of real estates (land, buildings).

Other priorities:

• Liberalizing the betting market
• Selling of holding of Monte Parnes Casino
• Reduction of its  holding in the Hellenic Postal Service
• Privatization of its holding of local gas monopoly DEPA
• Reduction of  its holding of Eleftherios Venizelos Airport
• Privatization of regional airports and ports

Potential investors, please, read the full details here in Wall Street Journal . If you buy our trains, real estates, some casino chips, post stamps, gas pipes, airport slots and port docks we will see our debt of EUR 300 billion dramatically minimize!

Thanks in advance,

      With Best Regards,

           Sincerely and Forever yours,

               Keep Talking Greece