About the proposal for independent management of 50 billion Euros of Greek assets...
http://www.politico.eu/article/greece-crisis-live-tsipras-parliament-referendum-bailout-reforms-eurozone-eurogroup-council-summit/
POLITICOs Tara Palmeri has more on what eurozone leaders have just been arguing about behind closed doors: the issue of how Greece should scale up its privatization program.
The draft statement prepared by Eurogroup finance ministers asks leaders to choose between two options. The first of these letting an independent body assess the price of assets sold is being supported by the Greeks alone, according to an EU official. The other member states are all supporting the second option: transferring 50 billion of Greek assets to an independent fund, to be privatized over time.
According to the source, Greece claimed in Sundays Eurogroup meeting the 50 billion in government government assets does not exist, but the ministers did not buy it or believe it, so they maintained the two options.
But there's a twist to the story that may want to make you throw up in your mouth...
THE FUND THAT COULD MANAGE GREEK ASSETS:
Germany has suggested one particular institution KFW could manage Greeces assets and some of their reform efforts. But whos behind this little-known Institute for Growth? Its the government-owned bank, KFW.
KFW CEO Ulrich Schröder spent 20 years at WestLB (and six years at a spin-off) a bank which received four government bailouts since 2008. Also on the board are none other than German Finance Minister Wolfgang Schäuble and Economy Minister Sigmar Gabriel.
Somebody remind me what year this is again...