Greece rejects EU plan to sell assets through overseas agency
ATHENS (Reuters) - Greece dismissed a proposal by euro zone officials to hand over the management of its real estate assets to a holding company based overseas, saying on Saturday the country would stay in charge of its privatisation programme.
The euro zone's bailout fund, the European Stability Mechanism (ESM), proposed that some Greek real estate assets be transferred to a Greek-owned holding company outside Greece, run by foreign experts, to accelerate the country's flagging privatisations.
But both Prime Minister Antonis Samaras and Finance Minister Yannis Stournaras dismissed the idea.
"The development of Greece's real estate property lies with (privatisation agency) HRADF and the Greek government and that won't change," Mr Stournaras told Sunday's To Ethos newspaper.