Friday, August 30, 2013

Greek lenders seek sales of property assets


Greece’s international lenders have pressured Athens to transfer the management of state-owned properties to a eurozone-led company abroad, officials say.

The trio of lenders - the International Monetary Fund (IMF), the European Central Bank (ECB) and the European Commission - will present the plan to Greece in September, pressing Athens to allow a foreign agency to sell its assets.

The arrangement consists of creating a Greek-owned holding company outside Greece and run by foreign experts, in an effort to stimulate privatization efforts and reform the public sector .... http://www.presstv.ir