Swift Bailout Completion Means Faster Privatization Revenues, Official Says

Sunday, January 29th, 2017
Last Update: 18:26

According to a senior official at Greece’s privatization fund, much is hinging on the country receiving and completing a swift bailout program, Reuters reports.

On Saturday the senior official commented that as talks between Athens and foreign lenders over energy as well as other subjects have dragged on for months it has stalled Greece’s return to bond markets early this year, which is crucial for the country’s bailout program to be successful.

As a key point of the bailouts, privatization’s are a part of the plan for Greece to raise some 5.3 billion euros from state assets by 2018 when the bailout program concludes.

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