Tuesday, September 16, 2014

In an interview with CNBC, on September 15, Greek Finance Minister Gikas Hardouvelis detailed the merits of privatisation for some of the government's assets."We have seen that there is a lot of interest in the Greek ports, airports, other companies. People are lining up now to buy assets. We didn't have this experience earlier," he said. He added that "this is because investors do see there is only upside potential in the country. The economy has stabilised after a lengthy, lengthy recession of six years so their bet will succeed." He added that he doesn’t expect deflation to stay forever. “Once expansion begins I think the deflation problem will go away."

Finally Hardouvelis stated that "we expect that we are going to see positive growth for the first time in the third quarter."