Athens, troika set to debate 2014 sell-off revenues
By Vangelis Mandravelis
The Finance Ministry is gearing up for what are expected to be heated discussions with the representatives of the country’s creditors in the new week over the target for the revenues from privatizations next year.
The troika of inspectors from the European Commission, the European Central Bank and the International Monetary Fund have insisted since their last visit to Greece in September that sell-off revenues in 2014 should reach 3.8 billion euros, which includes the planned 2.5 billion for next year plus the shortfall of 1.3 billion from this year’s target.
The Greek side is eager to contain expectations regarding privatization revenues. Officials at state privatization fund TAIPED say that next year’s revenues are set to exceed the 1.3 billion euros to be collected by the end of 2013, but they believe it will be impossible to treble the amount, as the troika desires.
One way of increasing revenues might be the securitization of future revenues from real estate properties, effectively bringing forward revenues to be collected in later years.