News. Greece plans to sell stakes in the state-owned railway and water companies as it “accelerates” the privatisation of assets to help reduce a budget deficit.
“We decided to accelerate the privatizations process,” Greek Finance Minister George Papaconstantinou told reporters in Athens today. The government will sell 49 percent of the Trainose unit of Hellenic Railways Organization SA, 23 percent of Thessaloniki Water & Sewage Co SA, the country’s second- biggest water company, and minority stakes in casinos.
My point. What should I say. The markets always win. One thing I do not read about. A cut in the salary of the politicians. They remain the protected elite social class in every country.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
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