Greece forced to reconsider stake sales
- From: Vol 11, Issue 6 (June 2010)
- Category: General
- Region: Europe
- Country: Greece
As part of its €110 billion bailout package, the Greek government has committed to selling stakes in two statecontrolled water companies. It marks a clear U-turn in strategy for the socialist administration.
The Greek government announced on 2nd June that it would sell stakes in two state-controlled water operators as part of a wide-ranging privatisation package, designed to raise cash and meet the conditions of the recently signed EU-IMF austerity programme.
The commitment to sell 10% of Athens Water (EYDAP) and 23% of Thessaloniki Water (EYATH) marks a forced U-turn for Greece ...
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