28 May '11, 9pm

Greece to launch privatisation drive in weeks: PM

Greece to launch privatisation drive in weeks: PM

ATHENS : Greece will launch an ambitious sell-off of state assets in weeks that will prove to doubters that the country can make it through a new debt crisis, Prime Minister George Papandreou said Saturday. He was speaking following talks with visiting Canadian Prime Minister Stephen Harper, a day after Greek political leaders failed to agree on further austerity measures. The European Union has warned that time was running out to solve a problem threatening the euro currency. "There is a lot to do, a big privatisation programme that we'll implement in the next few weeks," Papandreou. "My determination is to continue this programme (...) that will prove to the doomsayers that Greece and Europe can and will make it." Harper added, "We are very confident that our Greek and European partners can solve the problem." Greek political leaders failed Friday to agree on further aus...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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