<?xml version="1.0" encoding="UTF-8"?>
<rss xmlns:media="http://search.yahoo.com/mrss/" xmlns:content="http://purl.org/rss/1.0/modules/content/" version="2.0">
  <channel>
    <title>Business Recorder - Markets - Financial</title>
    <link>https://www.brecorder.com/</link>
    <description>Business Recorder</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Fri, 14 Aug 2026 02:03:04 +0500</pubDate>
    <lastBuildDate>Fri, 14 Aug 2026 02:03:04 +0500</lastBuildDate>
    <ttl>60</ttl>
    <item xmlns:default="http://purl.org/rss/1.0/modules/content/">
      <title>Greek finance minister slaps down EU auditor</title>
      <link>https://www.brecorder.com/news/2843/greek-finance-minister-slaps-down-eu-auditor</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/george-papaconstantinou-400.jpg" width="400" height="301" /&gt;ATHENS: Greece's finance minister on Sunday rejected comments by a senior EU official backing calls for a huge state asset sale to boost the country's debt recovery effort.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Finance Minister George Papaconstantinou slammed comments by EU Commission official Servaas Deroose carried in Sunday's newspapers as "inaccurate".&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Deroose had repeated a demand for a state asset sale worth 50 billion euros ($68 billion) by 2015, originally made Friday and sparking a strong backlash from the Greek government&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"Sell beaches to develop tourism and the tourism housing market," Deroose, part of a joint mission with the IMF and the European Central Bank applying a tough recovery programme for Greece, told To Vima daily.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The Proto Thema daily quoted Deroose as saying that Greece could make five billion euros by selling off the former Athens airport, which lies on a lucrative expanse on the capital's southern coast. And he said another 35 billion euro could be raised from the sale of other state lands, regional airports and ports.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"Alleged comments by the representative of the European Union to Sunday papers are at least off the mark, and certainly inaccurate," Papaconstantinou said in a statement.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Auditors for the EU, the IMF and the ECB, which in May extended a 110-billion-euros ($149 billion) rescue package to Greece, said Friday that 50 billion euros' worth of state assets should be privatised by 2015.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The government initially appeared to take the demand in stride but in a dramatic turnaround some 10 hours later government spokesman George Petalotis said it amounted to interference in Greek internal affairs.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Greek Prime Minister George Papandreou's office later said he had personally complained to IMF director Dominique Strauss-Kahn and had also telephoned EU economic affairs commissioner Olli Rehn over the issue.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The EU, the IMF and the European Central Bank had said earlier Sunday they had the "deepest respect" for Greece's austerity efforts.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"Our collaboration in this effort has always been, and continues to be, based on mutual trust," the three organisations said in a statement.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"We recognize the difficult challenges facing the Greek economy and we have the deepest respect for the tremendous efforts being made by the Greek people."&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"It is regrettable if a different impression was perceived at any time," the statement said.&lt;/p&gt;
&lt;p&gt;&lt;center&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2011&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
</description>
      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/george-papaconstantinou-400.jpg" width="400" height="301" />ATHENS: Greece's finance minister on Sunday rejected comments by a senior EU official backing calls for a huge state asset sale to boost the country's debt recovery effort.</p>
<p class="MsoPlainText">Finance Minister George Papaconstantinou slammed comments by EU Commission official Servaas Deroose carried in Sunday's newspapers as "inaccurate".</p>
<p class="MsoPlainText">Deroose had repeated a demand for a state asset sale worth 50 billion euros ($68 billion) by 2015, originally made Friday and sparking a strong backlash from the Greek government</p>
<p class="MsoPlainText">"Sell beaches to develop tourism and the tourism housing market," Deroose, part of a joint mission with the IMF and the European Central Bank applying a tough recovery programme for Greece, told To Vima daily.</p>
<p class="MsoPlainText">The Proto Thema daily quoted Deroose as saying that Greece could make five billion euros by selling off the former Athens airport, which lies on a lucrative expanse on the capital's southern coast. And he said another 35 billion euro could be raised from the sale of other state lands, regional airports and ports.</p>
<p class="MsoPlainText">"Alleged comments by the representative of the European Union to Sunday papers are at least off the mark, and certainly inaccurate," Papaconstantinou said in a statement.</p>
<p class="MsoPlainText">Auditors for the EU, the IMF and the ECB, which in May extended a 110-billion-euros ($149 billion) rescue package to Greece, said Friday that 50 billion euros' worth of state assets should be privatised by 2015.</p>
<p class="MsoPlainText">The government initially appeared to take the demand in stride but in a dramatic turnaround some 10 hours later government spokesman George Petalotis said it amounted to interference in Greek internal affairs.</p>
<p class="MsoPlainText">Greek Prime Minister George Papandreou's office later said he had personally complained to IMF director Dominique Strauss-Kahn and had also telephoned EU economic affairs commissioner Olli Rehn over the issue.</p>
<p class="MsoPlainText">The EU, the IMF and the European Central Bank had said earlier Sunday they had the "deepest respect" for Greece's austerity efforts.</p>
<p class="MsoPlainText">"Our collaboration in this effort has always been, and continues to be, based on mutual trust," the three organisations said in a statement.</p>
<p class="MsoPlainText">"We recognize the difficult challenges facing the Greek economy and we have the deepest respect for the tremendous efforts being made by the Greek people."</p>
<p class="MsoPlainText">"It is regrettable if a different impression was perceived at any time," the statement said.</p>
<p><center><b><i>Copyright AFP (Agence France-Presse), 2011</i></b><i></i></center></p>
]]></content:encoded>
      <category>Markets</category>
      <guid>https://www.brecorder.com/news/2843</guid>
      <pubDate>Sun, 13 Feb 2011 11:45:40 +0500</pubDate>
      <author>none@none.com (Syed Murtaza Gheblehzadeh)</author>
    </item>
  </channel>
</rss>
