‘Not possible to build serious program on €50b state asset sale’ - S&P’s Kraemer

FXStreet (Mumbai) - Responding to the latest reports of a Greek deal and also on the Greek reforms which includes creating a €50bn privatization fund, Moritz Kraemer, Managing Director of sovereign ratings at S&P, says it’s not possible to build serious program on €50b state asset sale. He further added that, ‘Greek privatisation has 'very poor' track record’.