Expected prices for Greek assets ‘unrealistically high’

greeceThe International Monetary Fund (IMF) targets and expectations from privatisations in Greece are unrealistically high,  Christian Kern, the head of Austrian rail company OBB, said in an interview with the Greek monthly magazine ‘Trend’.
Refering to the plan for the privatisation of the Greek railways, Kern said he was surprised at the target sum to be raised from its privatisation and suggested that the IMF’s stance was “out of touch with reality”.
“Reforms are necessary but the anticipated revenues from the privatisations are unrealistic,” Kern stressed.

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