国际英语新闻：Privatization of Greek state companies may help overcome crisis: business leader

According to initial estimation, Greece would get 2.5 billion euros (3.346 billion U.S. dollars) from privatization in 2010, but the Finance Ministry has recently lowered the sum expected to be raised.

The first in the line is reportedly going to be the Organization of Railway Services, while Post Bank, the National Lottery company, the Public Company of Electricity, the Water Supply Company and the Greek Organization of Telecommunications could follow.

Commenting on the latest developments on the EU-IMF support mechanism for Greece, Michalos praised the Greek government's efforts that led to such a success.

"The safety net is a short term solution though. We cannot be the beggars in Europe forever," Michalos said, noting that international ratings agencies such as Moody's and Fitch have placed bets on the bankruptcy of Greece.

"We must prove them wrong. We must move immediately onto structural reforms, development and a completely new economic model," the ACCI head said.