Greece to miss 2015 target

Greece will miss its revenue target from asset sales this year due to delays in a €1.2bn airport deal, the head of its privatisation agency said yesterday, in a setback to efforts to meet the terms of its new bailout.

As part of its commitments under the €86bn rescue loan from international creditors, Greece aims to raise €1.4bn from privatisations this year.

It has a patchy record of meeting such targets, and Stergios Pitsiorlas of the country’s privatisation agency HRADF said reaching the 2015 figure was also now “unfeasible”.