The Traderszone Network

Published in TZ Latest News 12 August, 2015 by The TZ Newswire Staff

Greek MOU foresees rapid sale of ports, grid operator, airports

Greece will move rapidly to privatize its ports, regional airports and its power grid operator under a memorandum of understanding (MOU) agreed with its international lenders. According to the 29-page MOU, a copy of which was obtained by Reuters, Greek privatization proceeds, excluding bank shares, are expected to total 6.4 billion euros between 2015 and 2017. The MOU lists a range of measures that the Greek government must implement in order to obtain a new three-year bailout program that is expected to total roughly 85 billion euros.