Lack of will slows down E. Europe's privatization

[dArKeR]

The fragile state of governments in new EU member states is emerging as a major obstacle to the region finishing off the privatization process launched following the fall of communism 16 years ago.

Despite several big sell-offs in sectors such as airlines, finance and utilities that are still to be completed, the current political weakness of governments -- in particular in the Czech Republic, Poland and Hungary -- combined with the widespread unpopularity of privatization, appears to have pushed the issue onto the back burner in many nations.

"Political weakness is a a major hindrance to privatization," said Lars Christensen, emerging markets analyst with Danske Bank in Copenhagen.

http://www.taipeitimes.com/News/edit/archives/2005/04/09/2003249770

What? Nothing's wrong! This is the "New Europe" willing to have their children die for Bush/Cheney/Rumsfeld Crime Families!

[DBoon]

1. It's not a lack of will

its called "facing reality" that privatization amounts to "loot and pillage"

[dArKeR]

2. While traveling in Asia, one of the nicest things is walking into a shop

and the owner is inside. Usually they live upstairs, in back, or next door. If given a choice, who would want to work for a corporation?