A mountain of measures by Easter

In their consecutive meetings for the next 15 days with the Troika and their European partners, the PM and the Finance minister will set the foundations that will mark the developments in the Greek economy.

Papakonstantinou is already in Brussels, where the Finance ministers of the Eurozone will clarify the "fine print" of the agreement for the extension and reduced rates, which will be announced at the summit of European leaders on March 25.

The terms include gigantic privatizations and new austerity measures already under way that will have to be rushed in order to be enforced within the year. In fact, Papakonstantinou will speak about the rescue measures for the Greek economy in a meeting on Tuesday organized by the ministry. Thus, the agenda of the changes in taxation, the tax control mechanism, the privatizations and so on, opens up for good.

The feverish meetings of the economic team will continue. On Monday, Deputy Minister Dimitris Kouselas will convene a meeting with the directors of DOY to give directions and purpose to collect as much as possible of the 47 billion required by the memorandum by the end of the year.

The privatization plan will be presented to the inter-ministerial committee on Wednesday and after that, to the summit on the 25th. The government is preparing to move at once to the extension of the concession for the "Eleftherios Venizelos" International Airport and Egnatia Odos, the privatization of state lotteries through concession contracts, the placing of DEPA share packages, the granting of a part of the spectrum frequency of regional airports and ports, and also strategic investments in water companies and the Post Office.

Meanwhile, the procedures for the development of real estate and the registration of a company that will develop the Elliniko area, are moving forward. The government plans to create real estate holding companies, which could be listed later in the Athens Exchange. The portfolios will be able to raise capital on international financial markets so that the revenue from a rendering process will come earlier.

Directly afterwards, at the beginning of April, we should expect a Troika visit to oversee developments and give directions for the new legislative interventions, so that the approval of the 5th installment will seem a formality.

The real estate treasure

During the first phase, the governmental plans provide for the exploitation of 20 lots, which are ready to be granted to civilians.

The 20 lots are in Leoforos Kimis (Neratziotissa), Kifisias, Mikra in Thessaloniki, Afantou in the Dodecanese, Antirrio, Lavrio, Lindos and Archangelos in Rhodes, Methana in Attica, Ermioni in Argolida, Halkida, Thermi, Meghali Vrisi in Fthiotida, Kavala, Cyclades, Samos, Kerkyra and also on the river Nestos in Ksanthi, where the "Voice of America" used to be.

The inter-ministerial committee has already given the go-ahead for the first package of state property development with long-term contracts of up to 99 yrs.

The catalogue will include some ETA real estate items, like the Marina in Vouliagmeni, the Tae Kwon Do in Faliro, the Alikes in Anavissos and the camp at Skotina in Pieria, for which relevant procedures are in motion.