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Greek gov’t insists it will handle privatizations

September 1, 2013

ATHENS, Greece (AP) — Greece’s prime minister and finance minister have both insisted any sale of state assets will be handled by the agency set up for this purpose and not by any firm based abroad and run by foreign management.

Premier Antonis Samaras and Finance Minister Yannis Stournaras were responding to rumors that Greece’s creditors, unimpressed by the pace of privatizations, are pushing for a foreign-based special purpose vehicle to handle the selloffs.

Stournaras told newspaper Ethnos that he “categorically denied” that Greece’s Asset Development Fund would be moved abroad.

The fund’s two last chairmen have resigned in the past six months, one to face unrelated legal issues and the other for improper contact with the buyer of the former state betting firm OPAP.

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