Greece reassures IMF on privatization

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UPI
February 15, 2011

Finance Minister George Papaconstantinou said Greece was committed to privatizing services to comply with terms of its international bailout.

Greece received a $148 billion loan from the International Monetary Fund and the European Union in May. The terms include an agreement to sell $67 billion in state assets, the EUobserver reported Monday

An assessment team from the IMF and the EU recently criticized Greece for its slow efforts to turn services over to private concerns.

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This article was posted: Tuesday, February 15, 2011 at 5:15 am







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