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Greece's pursuit of normality has only one starting point
Agoramomentum, resistance to public sector changes, loss of fiscal discipline, a delayed privatisation... to a relaxation of fiscal discipline. · The implementation of the privatisation plan is facing significant... opposition, the government withdrew in May 2016 its legislative proposal for the privatisaation
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The Cyprus bailout is different, not only due to the bail-in
Agoraprogramme: Fiscal consolidation comprises of privatisation of state enterprises and breakdown of state... is in the detail: privatisation is put in a very different framework than in Greece, avoiding the establishment of a privatisation authority and earmarking three organisations for sale prior
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Local elections in Greece a precursor of European vote
PoliticsGreek Politicsreferendum on the proposed privatisation of the local water company, EYATH. Although the non-binding vote... of the privatisation would provide the government’s opponents with significant ammunition. The state privatisation fund has already said it will disregard the plebiscite, while the Interior Ministry has
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Bid to form alliance for PPC referendum tests SYRIZA's political mettle
PoliticsGreek Politicselectricity monopoly, the Public Power Corporation (PPC), the confrontation over the privatisation may... the privatisation of PPC will also raise questions about whether SYRIZA's bid to force national elections..., level the breadth of the opposition to the privatisation could prove useful for SYRIZA.
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Return of coastal bill may give SYRIZA new chance to build support
PoliticsGreek Politics-privatisation of the Public Power Corporation (PPC) earlier this month, SYRIZA now intends to confront... development. The only aspect linking the two issues is privatisation as in many people’s minds the coastal... campaign against privatisation after the government decided this week to drop plans to sell majority
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Greek funding needs add to pressure in talks between Athens and lenders
EconomyProgrammeimminently. Privatisation revenues, which do not have a direct impact on the fiscal position... euros in 2015 and up to 3.4 billion in 2016. The previous government had suggested privatisation... by the current government, it is doubtful the privatisation targets could be achieved. Finance Minister Yanis
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Suspension of Eldorado's mine work deals blow to coalition's investment drive
Economythe acceleration of the privatisation programme. Recent activity On December 14, the Hellenic Republic Asset..., the government also reached an agreement with the institutions on the privatisation of the electricity... of privatisation projects until the end of June. The proceeds from these are seen at 3 billion euros
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Range of issues unresolved as programme talks resume in Athens
EconomyProgramme) market and creation of the new privatisation fund. Greece has accepted a fiscal gap of 3 percent of GDP...-residence backed mortgages. Privatisation Fund The creation of the new privatisation fund appears
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PPC general meeting approves unbundling of ADMIE
EconomyMacroeconomyTsakalotos on January 11, stressing that the privatisation procedure for ADMIE strongly affects PPC’s... of ADMIE’s privatisation process. As a result, the four banks sent a new letter to Tsakalotos... company. The privatisation process of ADMIE also includes the sale of a 24 percent to a strategic
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Newsletter 103 - 20/01/2017
that the privatisation procedure for ADMIE strongly affects PPC’s financial position since it entails... on the syndicated loan as well as to ensure the timely completion of the ADMIE privatisation process... was the sole bidder during the last stage of TrainOSE’s privatisation and was declared the preferred bidder
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