BERLIN (Reuters) - Greece could collect up to 300.000 million Eurus if it intensifies its efforts to sell active state, the consultant of the European Central Bank said (BCE) Juergen mentioned Stark on Saturday in an interview. The country of the area euro whose debt load skirts the 330.000 million Eurus, tries to gather 50.000 million Eurus at the moment with privatizations that would be completed in 2015 and they would help him to overcome its fiscal crisis. He/she also said in an interview with the daily Welt am Sonntag that the debt of Greece should not be restructured.
"The Greek Government has actions in companies in the bag, he has real estate. Experts estimate that the collection potential for sales would arrive to a maximum of 300.000 million Eurus", Stark affirmed to the newspaper, "A part of these assets should be mobilized to reduce the debt level. Also, the privatizations could generate a bigger efficiency in the whole economy", it sustained.
Athens is establishing a sovereign bottom to gather active of real estate and state participations in signatures as the company of telecommunications OTE, Post Savings Bank and ports". Greece should intensify its efforts", Stark said. "(The privatization program) it points to collect 50.000 million Eurus approximately for 2015 15% of their debt and Greece should be more ambitious but I believe that this is a new intent of Greece make cheap financial engineering again and to be given time to that the situation worsens in the other countries with problems even those that its problem is the own Greek debt (bad of many comfort of few).
I find in coherent that the Greek government a plan of privatizations is marked to a rhythm of 5 annual% it is a subliminal form of saying to Europe that won't facilitate its solution because in this position it is not contemplated that during these four years 2011/2015, the debt will no longer be of alone 330.000 million Eurus the interests of the renovated debt will ascend 20000 annual millions approximately with that that in this period the serious debt of (410.000 m - 50000m of privatizations) 360.000 million Eurus that is to say 10% more than the current figure, so of helping anything of anything.
The European commission has to demand a fulminating reaction with regard to the attitude of irresponsibility that you points with the goings and the Greek government's turns if one doesn't make Greece he/she will make this way probably its victim paper, until definitively it is rescued on the whole by the European union. This in view of that exposed in the article from Reuters to which I suppose owes to give them all the credibility it is without a doubt a new and permanent intent on the part of the Hellenic country of deceiving all the Europeans again.
High positions of the UE have requested to Greece that increases their privatizations with urgency and suggested that an institution should be created to help with the process, a call reiterated by Stark on Saturday, similar to the entity that privatized signatures of Oriental Germany after the fall of the communism. Stark also repeated that a restructuring of the debt of Greece would not help to the country to leave the crisis. And I would say that you forgetfulness of saying that it would sink other economies among them the German.
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