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Greece’s Privatizations “Freeze” Until June-17 Elections and New Government

Greece will freeze privatizations until June-17 elections and a new government is being formed. This decision was taken by the board of  the State Private Property Fund  (TAIPD) on May 15, 2012. “We refrain from taking decisions that are binding for the future until the forming of the new government that will emerge from the fresh elections,  the Fund said in a statement adding that the decision was taking by the majority of board members. Despite the efforts by the president of the board to continue making calls for interest in merely preparatory acts.

Observers appointed by the European union and the Euro Zone expressed concern about the decision of the board. (Capital.gr)

 PS When was it when the state had to get together 50 billion euro from privatizations? September 2010? 2011? I lost account… lol

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