Greeks Sell Airports to German While Germans Vote on Greece Bailout
On August 19, German lawmakers are expected to vote on the ratification of Greece's third aid package amid stiff opposition within the ranks of the ruling bloc, BBC reports.
Parallel to this, the information was disseminated in the media according to which Greece has agreed to sell to a German company the rights to operate 14 regional airports, as a part of first privatization wave in Greece, the Guardian reports.
The deal is worth €1.23bn euros (£0.9bn/$1.37bn), is aimed at repealing the conditions of Greece’s previous two bailouts.
Other materials on this subject
- Greece Emerges from Eurozone Bailout Programme The economy has grown slowly in recent years and is still 25% smaller than when the crisis began.
- Greece Can be Competitive Once Makes Reforms: Schaeuble Greece can have a competitive economy once it makes reforms agreed with its euro zone creditors, German Finance Minister Wolfgang Schaeuble said on Monday.
- Greek Unemployment Rises to 23.4 Percent in August, Eurozone Highest Greece's unemployment rate has come down from record highs but remains more than double the euro zone's average of 10 percent in August.
- Eurogroup to Disburse 10.3 bln Euros to Greece The Eurogroup also recalled the medium-term primary surplus target for Greece at 3.5% of GDP as of 2018 and underlined the "importance of a fiscal trajectory consistent with the fiscal commitments under...
- 48-Hour Strike Began in Greece Public transport workers joined the strike. Today and on Saturday in the Greek capital metros, trolley buses and trams will not work.
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