For Sale: Greek Government Assets ā€” Slightly Used

Greece is trying to raise cash by reviving an ambitious program to privatize state assets. The country’s lenders, which include the European Union and the International Monetary Fund, hope the sell-off will cut the country’s enormous debt. But Antonis Tsifis, who runs a betting shop in a working-class neighborhood in Athens, is upset that the … Continue reading

Greece eyes UK-style railway privatisation

Greece is considering breaking up its railway and selling the right to operate some routes to different companies, in an attempt to maximise proceeds from the privatisation and sidestep regulatory hurdles. The heavily indebted country had initially planned to sell Trainose – the monopoly that operates 500 freight and passenger routes on 2,500 km of … Continue reading