Greece will have to make more efforts to restore its economy through the use of mass privatization in the years to come. A "major challenge" after major fiscal consolidation efforts already made, said on Friday 11 February, the IMF, the Commission and the European Central Bank. The objectives of privatization of the country were raised to 50 billion euros by 2015, including 15 billion by 2013 instead of 7 billion originally announced, officials said Friday the "troika" consisting of creditors Greece.
This goal, from an estimate of the Greek government, is "feasible" and "realistic," said Servaas Deroose, representing the European Commission, during a press conference in Athens at the end of the third inspection nation's finances. These privatizations are part of structural reforms "necessary" the country must "accelerate" and "extended" to reach into its goals, have warned representatives of three organizations advocating for a "decisive impetus" to recast the economy of the country.
They cited a reform of tax administration to improve the fight against tax evasion, bank restructuring, and control of public expenditure particularly in the health sector. The "troika" nevertheless gave a green light to the payment in March of the fourth tranche of the loan of 110 billion euros granted to Greece in May 2010, a $ 15 billion, in the light of progress by the country to consolidate its public finances in the last quarter of 2010. 
This goal, from an estimate of the Greek government, is "feasible" and "realistic," said Servaas Deroose, representing the European Commission, during a press conference in Athens at the end of the third inspection nation's finances. These privatizations are part of structural reforms "necessary" the country must "accelerate" and "extended" to reach into its goals, have warned representatives of three organizations advocating for a "decisive impetus" to recast the economy of the country.
They cited a reform of tax administration to improve the fight against tax evasion, bank restructuring, and control of public expenditure particularly in the health sector. The "troika" nevertheless gave a green light to the payment in March of the fourth tranche of the loan of 110 billion euros granted to Greece in May 2010, a $ 15 billion, in the light of progress by the country to consolidate its public finances in the last quarter of 2010.
- EU, IMF approve Greek aid but demand faster reforms (11/02/2011)
- £100m forest sale on hold after outcry from public (but most of the privatisation will still go ahead) (12/02/2011)
- Search and rescue helicopter privatisation on hold amid police probe into bidding process (09/02/2011)
- Postal workers to protest against privatisation (21/01/2011)
- NHS reforms not 'privatisation' (21/01/2011)
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