Greece privatisation chief quits

2013-03-10 08:38
Greece protest (Picture: AP)

Greece protest (Picture: AP)

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Athens - The head of Greece's privatisation fund quit on Saturday after less than a year at the post, the finance ministry said.

In his letter of resignation, Takis Athanassopoulos said he was stepping down over an investigation into his previous position as head of Greece's main power group PPC.

A prosecutor had previously pressed criminal charges against Athanassopoulos and other members of the PPC board over a 2007 power plant construction contract that ran over budget.

A new privatisation chair is to be presented to parliament for approval on Monday, the finance ministry said.

The general secretary of the finance ministry, George Mergos, is another former PPC board member and also resigned on Saturday.

Finance Minister Yannis Stournaras said he had accepted both resignations.

The blow came as Greece was in the midst of an audit by its international creditors over reforms, including privatisations, necessary to unlock a new slice of loans this month.

The Greek government had previously pledged to meet, if not exceed, its annual target of €2.6bn ($3.4bn) in privatisation sales this year.

Read more on:    greece  |  economy

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