EU, IMF Require Greece to Privatize Public Companies

Athens, May 14 (Prensa Latina) A mission of the European Union (EU) and the International Monetary Fund (IMF) put pressure on Greece to privatize state enterprises in exchange for the release of its next tranche of the financial bailout agreed last year.

The requirements coincide with statements by Prime Minister George Papandreou, on a program of economic liberalization to raise funds and pay for the massive public debt of the country, reported local media on Saturday.

Initially, privatizations were not a priority, but now they are at the top of the agenda, said Papandreou.

The Greek government and the Troika (EU, IMF and European Central Bank) are negotiating an agreement that could be signed next Wednesday, which would be accompanied by the endorsement of a part of the aid, amounting to 12 billion dollars.

That would also be a key condition for Greece to receive a potential additional credit of 50 to 60 billion euros, in addition to the financial bailout package of 110 billion euros agreed last year.

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