Greece will not complete power utility, grid operator sales -minister
Source: Reuters
Greece will not go ahead with privatising its dominant electricity utility PPC or power grid operator ADMIE, Energy Minister Panagiotis Lafazanis said, despite promising its creditors not to halt sales that are underway.
The comments from Lafazanis appeared to mark the first sign of open dissent from a minister on the far left flank of the new Greek government over a deal with the euro zone to extend the country's bailout programme.
The Public Power Corporation has already launched a tender to sell a 66 percent stake in its power grid operator ADMIE, and several investors including state Grid Corporation of China (SGCC) and Italian grid operator Terna have been shortlisted as buyers.
"The tender for ADMIE will not go ahead," Lafazanis told Ethnos newspaper in comments published on Wednesday. "The companies have not submitted binding bids so it will not be completed. That is also the case with PPC."
Read more: http://uk.reuters.com/article/2015/02/25/eurozone-greece-privatisations-idUKL5N0VZ1AT20150225
djean111
(14,255 posts)geek tragedy
(68,868 posts)Selling the national power grid to China doesn't seem to be in the spirit of their campaign platform.
FLPanhandle
(7,107 posts)The Greeks are viewing the fact that the bids were not binding means the sales were not "in progress".
It will depend on how the EU views this.
Either they agree with the definition of "in progress" or they determine the Greeks are weaseling out of their commitments already.
cheapdate
(3,811 posts)It would seem like the only possible outcome for Greece is capitulation, or default/bankruptcy.
It's like a slow motion train wreck.
mother earth
(6,002 posts)I've been wondering if the four month extension might, in reality, be a way of planning an exit from the EU, but to do so in an orderly fashion...while still remaining true to the reforms it agrees to as part of the criteria for the extension.
I'm not sure I'm seeing this as "dissent", but rather keeping in line with Syriza and the people.
I wonder if Greece was definitely going to leave the EU, and since they wanted the "bridge" loan...if the new Syriza gov't is doing all it can to make a transition with the least amount of collateral damage.
DeSwiss
(27,137 posts)The EU was a terrible plan from the start. Not the unity, just the EU.
mother earth
(6,002 posts)predatory system, and Germany, of all countries, seems to have no recall of the compassion and forgiveness they rec'd after the war.
With every bit of what I'm taking in these days, I am hard pressed to believe the Syriza gov't can possibly stay with the EU who refuses to change. They've come too far and no wiggle room left.
DeSwiss
(27,137 posts)K&R
likrs to use his power and brutallity to rape women. Why should he operate the IMF clients any different?