Greece Continues Its Privatization Drive, But at What Cost?

Greece Continues Its Privatization Drive, But at What Cost?
Workers shout slogans during a protest against privatization outside the Greek Parliament, Athens, Sept. 27, 2016 (AP photo by Petros Giannakouris).

In late November, Greece announced that it was pulling out of plans to sell a 66 percent stake in the Greek national gas operator Desfa to Azerbaijan’s state energy company, SOCAR, complicating Greek efforts to meet its privatization targets set out by the terms of its bailout agreement. In an email interview, John N. Kallianiotis, a professor at the University of Scranton, discusses Greece’s privatization program. WPR: What are Greece’s privatization obligations under its bailout agreement, and how much progress has been made on the privatization program? John N. Kallianiotis: The administrator of the Greek privatization plan is the Hellenic […]

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