ECONOMY

Privatization fund urging approval of new officials

Members of Greece?s privatization fund, TAIPED, have called on the government to speed up Parliament?s approval of the appointment of the organizations two most senior officials.

Takis Athanasopoulos a former chairman of the Public Power Corporation (PPC) was appointed TAIPED?s new chairman last month. Yiannis Emiris, the former head of investment banking at Alpha Bank, was made managing director.

However, their appointment still has to be approved by a parliamentary committee, which has yet to convene.

The committee will need to provide a two thirds majority for the appointments to be passed. However, legislation does allow the government to deem the selections to be in the national interest if enough MPs do not support the candidates.