Friday, February 18, 2011

IMF: Privatization Plan Is A Greek initiative

International Monetary Fund’s David Hawley said on Thursday that Greek government has designed a program to maximize returns of public enterprises and public property.

“We support it and offer our technical advice”, he added.

Asked whether the IMF would halt news conferences if the government requested it, the IMF spokesman said that communication is important and it should be effective.

“We are not prescriptive as to the manner in which it takes place”.

"The European partners and the IMF have full respect for the prerogatives and initiatives of the Greek authorities in all areas of decision-making. If another impression was perceived, that is regrettable," he commented regarding the tension that followed the joint press conference in Athens last week.

"We noted that Greece’s economic program remains on track”, Hawley said.

“We also indicated our continuing strong support for the government in meeting its objectives of fiscal consolidation and restoring growth and competitiveness, as reflected in the memorandum on the program”, he added.


source: CAPITAL