Economics
Are Greek Leftists Really ‘Stepping Up’ the Privatization Drive?
- Government targets 2.74 billion euros in 2018 from asset sales
- Thorniest planned privatizations are still on ‘to do’ list
This article is for subscribers only.
When a European Commission economist told reporters in 2011 that he expected Greece to raise as much as 50 billion euros ($57.1 billion) from asset sales through 2015, the local outcry was so fierce that bailout inspectors never held another press conference in the country.
Now, with Greece emerged from its third and final bailout, talk of selling off assets is no longer taboo, and the country is promising to complete all its proposed privatization projects.