Greece
and its international lenders
may agree to lower the country's privatisation targets for the next three
years, newspaper Kathimerini reported on Tuesday, citing a draft document.
Greece
will have to raise 8.8 billion
euros ($11.5 billion) from asset sales and leases by the end of 2015, the
newspaper said. This is less than the 19 billion euros the country was supposed
to raise in the same period under the current terms of its EU/IMF bailout.
long-term
target to generate privatisation revenues of 50 billion euros is maintained but
pushed back beyond that deadline, the newspaper reported.
"We
expect that it will take more time to achieve the 50 billion euro target,"
Kathimerini said, citing a draft agreement between
Athens
and its lenders.
Sales of
state assets are a key part of Greek efforts to pay down debt and pull back
from the verge of bankruptcy. But
Greece
has already missed several revenue
targets, having raised only about 1.6 billion euros in cash since its first
bailout in May 2010.
The lack of
progress stems from the reluctance of Greek governments to sell, political
instability and the lack of investor interest in a country facing a grim
economic future and the threat of an exit from the euro.