Greek government announces bout of privatizations

Welcome to Austerity Greece.

The Hellenic Republic’s government committed to a rather impressive bout of privatisation on Wednesday, according to flashes from Reuters:

RTRS-GREECE TO SELL 49 PCT OF STATE RAILWAY OSE – FINMIN

RTRS-GREECE TO LIST MORE PORTS ON STOCK MARKET – FINMIN

RTRS-GREECE TO FLOAT AIRPORTS VIA NEWLY CREATED COMPANIES – FINMIN

RTRS-GREECE TO FULLY PRIVATISE CASINOS – FINMIN

RTRS-GREECE TO SET UP NEW REAL ESTATE COMPANY AND LIST ON STOCK EXCHANGE – FINMIN

RTRS-GREECE TO SELL 39 PCT STAKE IN HELLENIC POST – FINMIN

It’s a condition of Greece’s bailout that privatised assets will be able to deliver at least €1bn each year until 2013, of course.

No word on any Aegean island flog-offs, however.

http://ftalphaville.ft.com/blog/2010/06/02/249781/greek-fire-sale/?updatedcontent=1