Rome

Govt to present major privatization plan in autumn

Letta makes announcement in Athens

Govt to present major privatization plan in autumn

Rome, July 29 - Italian Premier Enrico Letta said his left-right government will announce a major privatization programme later this year. The government is looking to find ways to cut the nation's huge public debt, which is around 130% of gross domestic product at over two trillion euros, and said the sale of stakes in State-controlled companies and State properties are likely to be part of this. "I think that in the autumn we will present an important privatization plan," Letta said during a visit to Athens.

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