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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Greece to launch sovereign wealth fund

Posted on 24 May 2011

George PapaconstantinouGreece will create a sovereign wealth fund composed of real estate and state-owned assets as it looks to accelerate its deficit reduction program, according to the Greek finance minister George Papaconstantinou.
In a May 23 statement, Papaconstantinou announced that the cabinet had agreed to take “additional measures” to raise an additional 6 billion euros, in order to achieve the country’s deficit reduction targets……………………………………….Full Article: Source


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