Skip to comments.Greece: Privatisation agency chief resigns
Posted on 07/21/2012 4:01:11 AM PDT by bruinbirdman
The chief executive of the country's privatisation agency, Costas Mitropoulos, resigned on July 19.
In an open letter to Finance Minister Yannis Stournaras, Mitropoulos clarifies that his resignation will take effect on August 10, in an effort to maintain continuity and also to have time to brief the new CEO.
Explaining the reason for his resignation Mitropoulos states, In order to accelerate privatization and to carry out the projected result, the government must provide full support for the administration of the Hellenic Republic Asset Development Fund (HRADF), facilitate all actions, and promote privatization as planned. This will give a message of reliability, professionalism and commitment to those looking to invest in Greece. The newly elected government has not given the support needed... Instead, they have indirectly yet systematically reduced the prestige and credibility in the eyes of potential investors. Furthermore, no set date has been given to the Chairman of the Board to resume meetings and indeed accelerate the privatization program. In these conditions I can no longer work professionally and effectively in my role as CEO entrusted
(Excerpt) Read more at athensnews.gr ...
In other words, the new government is stepping on its own crank.
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