According to the European Commission’s answer (E‑003005/2012), the estimated price of assets to be sold by the Greek Government to fulfil the privatisation target (amounting to EUR 50 billion) is ‘market sensitive information and the Commission is not allowed to reveal the estimated prices provided by the Ministry of Finance and/or the Hellenic Republic Asset Development Fund (HRADF)’.
Given that publicising the estimated prices of the assets that the Greek Government intends to sell could be used as the lower threshold in the privatisation process, at a time when the markets are falling, but also fulfils the need for transparency in this process, will the Commission say:
Is it legal to set a minimum sale price for public assets in the privatisation process? Is it legitimate? If not, why not?
Can the Commission clarify why the estimated prices of the Greek for-sale assets are ‘market sensitive information’? Does EU legislation forbid publishing estimated prices in privatisation processes?
By refusing to publish the estimated prices of the for-sale assets, are the European Commission and/or the Greek Government committing a direct breach of the transparency principle applicable to Member States’ economic activities?