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Greece to step up privatization program

 Portugal's Finance Minister Fernando Teixeira dos Santos talks with journalists as he arrives for an Eurogroup meeting at the EU Council in Brussels,...
 Germany's Finance Minister Wolfgang Schauble arrives for an Eurogroup meeting at the EU Council in Brussels, Monday May 16, 2011. European finance mi...
 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, left, talks with Belgium's Finance Minister Didier Reynders at the start of an Eur...
 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 Ol...
 International Monetary Fund Deputy Managing Director Nemat Shafik, left, talks with Luxembourg's Prime Minister and President of the Eurogroup Jean C...
 EU Commissioner for Economic and Monetary Affairs Olli Rehn, left, talks with Greece's Finance Minister George Papaconstantinou, right, and Portugal'...
 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,...

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,...

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...

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...

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...

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...

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...

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...

Belgium EU Eurogroup

EU Commissioner for Economic and Monetary Affairs Olli Rehn, left, talks with Greece's Finance Minister George Papaconstantinou, right, and Portugal'...

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 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.


Updated : 2021-01-19 16:49 GMT+08:00