Greece’s problematic privatization

posted by
June 29, 2011
Adam Smith Institute
by Dr. Eamonn Butler  
Posted in Commentary

"If Greece's privatizations are aimed just to make money to fill a black hole, they will not work. For a start, the black hole is far too deep for €50bn to fill. And right now, with the market low and lots of other governments holding fire-sales too, it is not exactly the right time to get a good price for any business. And if privatization is to work, it needs to involve the whole population -- and not just sell companies to China or some other wealthy overseas power, which would be deeply unpopular." (06/29/11)  

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