The Slow Pace of Greek Privatisation
They planned to sell off part of Thessaloniki Port at the very height of the Global Financial Crisis, nearly a decade ago. Years later, it still wasn't even on the market.
In this report, I looked at the reasons for that delay. You'll hear the man in charge of Greece's privatisations describe how he was worried he'd end up in jail, if the political winds changed. Well, as I re-write this introduction, the new Syriza government had announced that sell-offs would be halted - but then changed its mind - twice - and we still don't know what the final programme will look like. So, I still wonder if the privatisations chief is packing an overnight bag! The sale of Greece’s second biggest port could have helped knock a chunk off the debt burden of the country - so, why the delay? Politicians, managers and union leaders pointed their fingers at each other... |
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