By MarEx 2015-07-10 11:18:32
Greek PM Alexis Tsipras is maneuvering as fast as he can to put together a bailout deal as its new bailout proposal is being by the EU Commission, the European Central Bank and the International Monetary Fund. Meanwhile, Angela Merkel, Chancellor of Germany has cautioned that Greece’s options are limited.
The Tsipras government is now supporting a previous proposal that would sell the government’s stake in two key ports. Meanwhile, AMP Terminals, a subsidiary of A.P Moller-Maersk has voiced strong interest in buying the Greek ports of Piraeus and Thessaloniki. Greece owns more than three-quarters of the port authorizes and would use the monies from the sale to help offset the country’s creditors if a bailout deal is made between Greece and the EU.
Greece will announce binding bid dates no later than October 2015.