“Greek stocks fell sharply after the country failed to attract a single bid for Depa, a natural-gas company it is selling, a significant setback to its effort to raise billions of euros from the sale of state assets this year. A failure by Greece to meet its privatization targets would limit Athens’s ability to meet its debt targets and could require the government to take additional austerity measures that would hurt the economy. Greece’s bailout agreement requires the government to use additional spending cuts to cover 50% of any shortfall in raising funds via privatizations.”
http://online.wsj.com/article/SB10001424127887323495604578537370841768126.html
