Monday, July 2, 2012

the Hellenic Republic Asset Development Fund:adventures in state asset stripping

"The EU Task Force notes in its first quarterly report on Greece that “delays with the initial wave of privatisations point to bottlenecks in the process”.
 
 
 
"last November 28, Kostas Mitropoulos, head of the Hellenic Republic Asset Development Fund, said that Greece aims to sell gas company DEPA and 35 state buildings by the first quarter of 2012. "
 
" So far, Greece has collected only 392 million euros, by selling a 10 percent stake in Hellenic Telecommunications (OTE) to Germany’s Deutsche Telekom. "
"the IMF estimates that through 2020, total privatisation proceeds would amount to 46 billion euros, instead of the 66 billion assumed in the programme ""