The Greek Finance Minister, George Papaconstantinou, said he wants to accelerate the process of privatization through selling stakes in public-owned assets to reduce the country's huge sovereign debt. The Greek government is intending to sell stakes in railways, water & sewage, and casinos to trim the deficit that reached 13.6% of GDP in 2009. These new plans will move in line with the previously announced austerity measures which include wage and pension cuts.