Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


Greece is balking at privatizations

Despite the insistence of the EU and IMF representatives, Greece is balking at privatizations plan supposed to bring some €50 billion until 2015. Though, this will help the country to face its public debt, estimated to more than €300 billion. Greek officials curtly replied that this represents interference in their job and they take orders only from Greek citizens. Given the context (a bailout plan for Greece, financed by EU and worldwide taxpayers), such a behavior is at least inappropriate.

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