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Privatisation fund: how quickly can it get up and running?
The privatisation fund will be managed by Greeks under the close watch of creditors.
Meanwhile, the new privatisation fund must raise €50bn in three years, a staggering sum.
In May the privatisation fund did manage to sell a stake in OPAP, a gambling monopoly, for €712m.
The government has also created a privatisation fund to sell off state assets, in effect security for the loans.
Finally, the privatisation fund at the centre of the new programme will do nothing to encourage structural reform.
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Campaigners say PwC's "blueprint for reform" closely mirrors other water privatisations funded by the World Bank.
It questioned whether the IMF supported the new deal, objected that the new rescue plan failed to address Greece's debt sustainability and attacked a proposed delay in setting up a new privatisation trust fund that is supposed to hold Greek assets worth €50bn.
I think the British Medical Association BMAA) has muddled the dispute with a much broader issues regarding privatisation and funding.
I personally think the British Medical Association BMAA) has muddled the dispute with much broader issues regarding privatisation and funding.
Private money is desperately needed for investment, to fund privatisation and to restore liquidity to the Greek economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com