Greece ‘will rapidly sell’ ports for new aid

Greece will move rapidly to privatise its ports, regional airports and its power grid operator under a memorandum of understanding agreed with its international lenders.

According to the 29-page memorandum, a copy of which was obtained by Reuters, Greek privatisation proceeds, excluding bank shares, are expected to total €6.4bn between 2015 and 2017.

The memorandum lists a range of measures that the Greek government must implement to obtain a new three-year bailout programme that is expected to total roughly €85bn.