Friday, October 8, 2010

Minister Notes Interest in Greek Privatization Plan

Wall Street Journal
October 8, 2010

Greek Finance Minister George Papaconstantinou said the government has received broad interest from companies within and outside Europe in taking partial or complete ownership of state-run operations up for privatization as Athens tries to right a struggling economy. That builds on interest from other countries, such as China and the United Arab Emirates, that are already investing in Greece.

In an interview Thursday with The Wall Street Journal, the finance minister said at least one big postal company in Europe has expressed "explicit" interest in Greece's postal service.

Mr. Papaconstantinou, in the U.S. for meetings at the International Monetary Fund in Washington, said Greece is on track to meet its year-end austerity targets, but conceded that "lagging revenues" remain a concern.


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