BERLIN (Reuters) – Greece could raise as much as 300 billion euros ($429 billion) if it steps up its efforts to sell off state-owned assets, European Central Bank Board member Juergen Stark was quoted as saying on Saturday.
The ailing euro zone state, whose debt burden stands at around 330 billion euros, currently aims to raise 50 billion euros from privatizations by 2015 to help stave off a fiscal meltdown.
Stark also told the Welt am Sonntag newspaper in an interview that Greece's debt should not be restructured.
"The Greek government has shares in listed companies, it owns real estate. Experts estimate the sales potential at up to 300 billion euros," Stark told the newspaper according to a prerelease from its Sunday edition.
via news.yahoo.com
