Belgium EU Eurogroup
Portugal's Finance Minister Fernando Teixeira dos Santos talks with journalists as he arrives for an Eurogroup meeting at the EU Council in Brussels,...
Portugal's Finance Minister Fernando Teixeira dos Santos talks with journalists as he arrives for an Eurogroup meeting at the EU Council in Brussels, Monday May 16, 2011. European finance ministers are meeting over the coming two days in Brussels, with Portugal and Greece topping the agenda. (AP Photo/Geert Vanden Wijngaert)
Belgium EU Eurogroup
Germany's Finance Minister Wolfgang Schauble arrives for an Eurogroup meeting at the EU Council in Brussels, Monday May 16, 2011. European finance mi...
Germany's Finance Minister Wolfgang Schauble arrives for an Eurogroup meeting at the EU Council in Brussels, Monday May 16, 2011. European finance ministers are meeting over the coming two days in Brussels, with Portugal and Greece topping the agenda. (AP Photo/Geert Vanden Wijngaert)
Belgium EU Eurogroup
International Monetary Fund Deputy Managing Director Nemat Shafik smiles as she arrives for an Eurogroup meeting at the EU Council in Brussels, Monda...
International Monetary Fund Deputy Managing Director Nemat Shafik smiles as she arrives for an Eurogroup meeting at the EU Council in Brussels, Monday May 16, 2011. European finance ministers are meeting over the coming two days in Brussels, with Portugal and Greece topping the agenda. Shafik, who oversees IMF work in several EU countries, takes IMF's Magaging Director Dominique Strauss-Kahn's place at the Brussels get-together. (AP Photo/Geert Vanden Wijngaert)
Belgium EU Eurogroup
International Monetary Fund Deputy Managing Director Nemat Shafik, left, talks with Belgium's Finance Minister Didier Reynders at the start of an Eur...
International Monetary Fund Deputy Managing Director Nemat Shafik, left, talks with Belgium's Finance Minister Didier Reynders at the start of an Eurogroup meeting at the EU Council in Brussels, Monday May 16, 2011. European finance ministers are meeting over the coming two days in Brussels, with Portugal and Greece topping the agenda. Shafik, who oversees IMF work in several EU countries takes IMF's Magaging Director Dominique Strauss-Kahn's place at the Brussels get-together. (AP Photo/Geert Vanden Wijngaert)
Belgium EU Eurogroup
Luxembourg's Prime Minister and President of the Eurogroup Jean Claude Juncker, left, talks with EU Commissioner for Economic and Monetary Affairs Ol...
Luxembourg's Prime Minister and President of the Eurogroup Jean Claude Juncker, left, talks with EU Commissioner for Economic and Monetary Affairs Olli Rehn, right, and the President of the European Central Bank Jean Claude Trichet at the start of an Eurogroup meeting at the EU Council in Brussels, Monday May 16, 2011. European finance ministers are meeting over the coming two days in Brussels, with Portugal and Greece topping the agenda. (AP Photo/Geert Vanden Wijngaert)
Belgium EU Eurogroup
Luxembourg's Prime Minister and President of the Eurogroup Jean Claude Juncker, left, talks with EU Commissioner for Economic and Monetary Affairs Ol...
Luxembourg's Prime Minister and President of the Eurogroup Jean Claude Juncker, left, talks with EU Commissioner for Economic and Monetary Affairs Olli Rehn, right, and the President of the European Central Bank Jean Claude Trichet at the start of an Eurogroup meeting at the EU Council in Brussels, Monday May 16, 2011. European finance ministers are meeting over the coming two days in Brussels, with Portugal and Greece topping the agenda. (AP Photo/Geert Vanden Wijngaert)
Belgium EU Eurogroup
International Monetary Fund Deputy Managing Director Nemat Shafik, left, talks with Luxembourg's Prime Minister and President of the Eurogroup Jean C...
International Monetary Fund Deputy Managing Director Nemat Shafik, left, talks with Luxembourg's Prime Minister and President of the Eurogroup Jean Claude Juncker at the start of an Eurogroup meeting at the EU Council in Brussels, Monday May 16, 2011. European finance ministers are meeting over the coming two days in Brussels, with Portugal and Greece topping the agenda. Shafik, who oversees IMF work in several EU countries takes IMF's Magaging Director Dominique Strauss-Kahn's place at the Brussels get-together. (AP Photo/Geert Vanden Wijngaert)
Belgium EU Eurogroup
EU Commissioner for Economic and Monetary Affairs Olli Rehn, left, talks with Greece's Finance Minister George Papaconstantinou, right, and Portugal'...
EU Commissioner for Economic and Monetary Affairs Olli Rehn, left, talks with Greece's Finance Minister George Papaconstantinou, right, and Portugal's Finance Minister Fernando Teixeira dos Santos at the start of an Eurogroup meeting at the EU Council in Brussels, Monday May 16, 2011. European finance ministers are meeting over the coming two days in Brussels, with Portugal and Greece topping the agenda. (AP Photo/Geert Vanden Wijngaert)
Belgium EU Eurogroup
The President of the European Central Bank Jean Claude Trichet looks at documents at the start of an Eurogroup meeting at the EU Council in Brussels,...
The President of the European Central Bank Jean Claude Trichet looks at documents at the start of an Eurogroup meeting at the EU Council in Brussels, Monday May 16, 2011. European finance ministers are meeting over the coming two days in Brussels, with Portugal and Greece topping the agenda. (AP Photo/Geert Vanden Wijngaert)
The chairman of the group of 17 eurozone finance ministers says Greece agreed to privatize more national assets in an effort to reach the budget targets set out in its bailout program.
Jean-Claude Juncker, who is also the prime minister of Luxembourg, said Monday that the Greek government agreed that the volume of its privatization program needed to be "corrected upwards." Greece in March promised to privatize public companies and other assets worth some (EURO)50 billion ($71 billion).
The EU's Monetary Affairs Commissioner Olli Rehn said Greece also needed to step up the implementation of already promised economic reforms and spending cuts.
More austerity measures are seen as a precondition for granting Greece additional help.
