euro_2.jpg Home Page News Page Yesterday’s agreement between the Greek government and its creditors includes a condition that requires Greece to sell €50 billion worth of public assets and establish a fund to oversee the proceeds. Yesterday’s agreement between the Greek government and its creditors includes a condition that requires Greece to sell €50 billion worth of public assets and establish a fund to oversee the proceeds. Recapitalizing banks will take half, while repaying part of Greece’s debt will take €12.5 billion and investing internally to generate growth will consume €12.5 billion. Yesterday’s agreement between the Greek government and its creditors includes a condition that requires Greece to sell €50 billion worth of public assets and establish a fund to oversee the proceeds. Recapitalizing banks will take half, while repaying part of Greece’s debt will take €12.5 billion and investing internally to generate growth will consume €12.5 billion. While the privatization of inefficiently managed government assets could well serve the interests of the Greek people, it could well go very wrong. read more
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