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Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 9 July 2013 [View all]xchrom
(108,903 posts)22. 'A Toxic System': Why Austerity Still Isn't Working in Greece
http://www.spiegel.de/international/europe/greek-austerity-reforms-failing-despite-billions-in-bailout-funds-a-910078.html
After making a lot of money manufacturing swimming pools, Stelios Stavridis has redirected his entrepreneurial talents toward saving his country.
The 66-year-old Greek business executive with aristocratic features recently became the head of the country's privatization agency, which has been charged with selling off hundreds of government-owned real estate, companies, marinas and airports.
Stavridis is the third man to hold the position in only a year, but this doesn't reduce his professional confidence. He says he has just had "excellent" conversations with observers from the so-called troika, consisting of the International Monetary Fund (IMF), the European Commission and the European Central Bank (ECB), who regularly review the country's progress.
However, Stavridis also had to confess to the troika that his agency is unlikely to meet its goals for this year. The planned sale of the national gas company to the Russian Gazprom conglomerate fell apart at the last minute, and now a 652 million ($839 million) deal for the privatization of gambling company OPAP is also on the rocks, because the buyer feels that he is being cheated.
After making a lot of money manufacturing swimming pools, Stelios Stavridis has redirected his entrepreneurial talents toward saving his country.
The 66-year-old Greek business executive with aristocratic features recently became the head of the country's privatization agency, which has been charged with selling off hundreds of government-owned real estate, companies, marinas and airports.
Stavridis is the third man to hold the position in only a year, but this doesn't reduce his professional confidence. He says he has just had "excellent" conversations with observers from the so-called troika, consisting of the International Monetary Fund (IMF), the European Commission and the European Central Bank (ECB), who regularly review the country's progress.
However, Stavridis also had to confess to the troika that his agency is unlikely to meet its goals for this year. The planned sale of the national gas company to the Russian Gazprom conglomerate fell apart at the last minute, and now a 652 million ($839 million) deal for the privatization of gambling company OPAP is also on the rocks, because the buyer feels that he is being cheated.
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You probably have me on ignore, but I'm going to say this anyway. There were several ways to handle
A HERETIC I AM
Jul 2013
#46