Would Any Sane Person Buy Into the Greek Privatisation?
Let’s say you are the CEO of a utility company, which has a good record of managing water supply in say, Britain, France or Germany.
If you were asked to participate in the buy-out of a Greek water company would you be interested? Given the feeling in Greece and the attitudes of the workers to the proposed privatisations to help bail the country out, I think you would probably say no, as you value your health and you don’t want to be fired by the shareholders of your company.
I suspect very few companies will actually get involved in providing the finance, unless the prices are so low. But then if that is the case, Greece will not be able to meet its debts.
So are we back to square one with the Greeks?
No! Square zero maybe or even square minus one!
On the other hand consultancy about the privatisations might be a nice wheeze! But who will pay you, if no-one will provide the finance.
The Anonymous Widower 
the EU has made the mistake of taking in too many countries with little money and unstable economies
Comment by liz | June 29, 2011 |