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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap EU, IMF 'regret' Greek furore over asset sale call AFP - 1 hour 36 minutes ago Send IM Story Print ATHENS (AFP) - – The EU, the IMF and the European Central Bank said Sunday they had the "deepest respect" for Greece's austerity efforts and that a furore over their demand for a huge asset sale was regrettable. "Our collaboration in this effort has always been, and continues to be, based on mutual trust," the three organisations which are closely supervising Greece's economic recovery said in a statement. "We recognize the difficult challenges facing the Greek economy and we have the deepest respect for the tremendous efforts being made by the Greek people." "It is regrettable if a different impression was perceived at any time," said the three, commonly called 'the troika' in Greece. A quarterly progress mission by the EU, the IMF and the ECB, which in May extended 110-billion-euros ($149 billion) to rescue Greece from bankruptcy, concluded Friday with a news conference in which their auditors said 50 billion euros' worth of state assets should be privatised by 2015. Related article: Greece slams auditor amid rift over asset sale call The Greek government initially appeared to take the demand in stride but in a dramatic turnaround some 10 hours later government spokesman George Petalotis rejected the demand as interference in Greek internal affairs. "The behaviour of the European Union, International Monetary Fund and European Central Bank representatives... was unacceptable," Petalotis said. "We asked them to help and are fully meeting our obligations. But we did not ask anybody to meddle in the internal matters of the country," he said. Greek Prime Minister George Papandreou's office later said he had personally complained to IMF director Dominique Strauss-Kahn and had also called EU economic affairs commissioner Olli Rehn over the issue. It was the first time since Greece's debt rescue by the EU, the IMF and the European Central Bank in May that the two sides seemed to be at odds over what the next steps of Greek economic recovery should entail. Greece's public debt stands at around 300 billion euros after years of large public deficits that in 2009 stood at 15.4 percent of output, more than five times the allowed EU level. A planned extension of austerity reforms to 2015, two years after the government's current mandate, has prompted speculation that the government could call early elections. Recommend Send IM Story Print News Search Top Stories EU, IMF seek to repair Greek rift over asset sale EU, IMF 'regret' Greek furore over asset sale call Swiss vote to keep army guns at home Russia's VTB bank sale to reap $3.25 billion: report Airlift rescues abandoned LA chihuahuas More Top Stories » ADVERTISEMENT Most Popular Most Viewed US golfer Woods finds old habits hard to shake Russia loses military satellite: reports US auto sales jump 17 percent in January Dow closes over 12,000 for first time since June 2008 Egypt's Mubarak to step down at September election More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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