Greece Moves to Privatize a Host of Public Works

Never let a crisis pass without utilizing it to advance your agenda. Greece is going to privatize a host of public works.

the government would move to privatize 49% of the operations division of unprofitable state-owned railways company OSE. It's also to privatize state holdings in a variety of casinos, sell a 39% stake in the country's post office and sell stakes in waterworks companies in two of Greece main cities. It's also restructuring its natural-gas monopoly to prepare for privatization.

A privatization plan is a requirement from the IMF. This plan is supposed to raise €1 billion a year.

How many believe that's going to happen with a forced fire sale of public assets?

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