Welcome to Austerity Greece.
The Hellenic Republic’s government committed to a rather impressive bout of privatisation on Wednesday, according to flashes from Reuters:
RTRS-GREECE TO SELL 49 PCT OF STATE RAILWAY OSE – FINMIN
RTRS-GREECE TO LIST MORE PORTS ON STOCK MARKET – FINMIN
RTRS-GREECE TO FLOAT AIRPORTS VIA NEWLY CREATED COMPANIES – FINMIN
RTRS-GREECE TO FULLY PRIVATISE CASINOS – FINMIN
RTRS-GREECE TO SET UP NEW REAL ESTATE COMPANY AND LIST ON STOCK EXCHANGE – FINMIN
RTRS-GREECE TO SELL 39 PCT STAKE IN HELLENIC POST – FINMIN
It’s a condition of Greece’s bailout that privatised assets will be able to deliver at least €1bn each year until 2013, of course.
No word on any Aegean island flog-offs, however.
Related links:
Greece gets the cash – FT Alphaville
Tax evasion, Greek style – FT Alphaville
Fitch on Greece’s Sisyphean task – FT Alphaville
Grim Greek austerity arithmetic – FT Alphaville