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GreekReporter.comGreece"50 billion from state property feasible"

"50 billion from state property feasible"

Greece insisted Monday that a target of raising euro50 billion from by development of state assets by 2015 was realistic, but that the issue should not have been announced by the country’s international debt inspectors.
Petalotis insisted Monday that the euro50 billion figure was a target set by Greece, and showed the government was aiming to make structural reforms and develop state property. He stressed the figure — seven times larger than a target set only three months ago — referred to the development, not the sale, of state assets.
“We are not talking about sales, we are not talking about selling out, as we are accused of doing,” he said.
The reason for his rebuke was because the announcement should have been made by the government rather than by the international debt inspectors, he said.
It has also led to media speculation of early elections — which was also dismissed by the government, elected to a four-year term in Oct. 2009.
“Let us repeat one more time that there is no reason to hold elections,” Petalotis said.

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