BUSINESS

Greek minister sees lower-than-planned privatization revenues

TAGS: Privatizations, Economy

Greek Economy Minister George Stathakis said on Tuesday the original goal of getting 50 billion euros ($56.8 billion) in revenues from privatizations was unrealistic and Greece is now aiming for 15 billion euros and in the end it may be even less.

Privatizations have been a central plank of Greece's international bailouts but have reaped poor revenues so far due to political resistance and bureaucracy.

[Reuters]

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