Greece’s obligation to force the public corporations that are up for
sale to return European Union investment subsidies constitutes a major
headache for the government, considering that the privatizations program has already suffered delays.
According to EU structural fund
regulations, public interest projects are subsidized by the bloc at a
rate that sometimes exceeds 80 percent. However, if those projects are
privatized, the funding they secured as public interest works will have
to be returned.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_19/05/2013_499673