"So for me it's important that it's not a fire sale of companies. Because that would realise a much lower value for the Greek people and would be humiliating to be forced to sell your assets to capitalists around the world who are coming to sell your companies."

On the other hand, Chief credit strategist at LNG Capital, Gary Jenkins said 50 billion euros is in line with an International Monetary Fund projection of value of potential Greek privatisations way back in 2011. Since then, those assets have almost certainly decreased in value, he said.

"How much by? Impossible for me to even speculate, but as a starting point how much is the Greek stock market down since then? 40 pecent?," he said.

"Perhaps the best line about the privatisation fund though comes from Tsipras, who proudly stated that he had kept Greek assets from going abroad. In the sense that the administration will be situated in Greece. If he had signed the deal on offer just a few short weeks ago there wouldn't have been any such segregated fund," Jenkins said.

"Incidentally I wonder how Greek workers at these assets will feel about being ultimately managed by an outside party. I'm sure they will be delighted and there will be no protests at all... ," he added.