Greek privatization program offers 'returns of 15% or more' for investors

As the government begins negotiations with its creditors on the second review of its austerity program, among the issues on the agenda are changes in labour law, licensing and the energy market, public administration, privatisations and staffing for the new privatisation fund. CNBC is reporting that returns on private investment in the auctioning off of Greek public assets are topping 15%. “We believe that (returns of) 15 percent and above can be achieved and we're talking risk-weighted returns, not just absolute returns," said Odysseas Athanasiou of Lamda Development.