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Greece is for sale – and everything must go
Ports, airports, gas pipelines, water utilities… €50 billion of Greek assets are up for grabs to private companies. And it’s the Greek people who will lose out, writes NICK DEARDEN

I’VE just had sight of the latest privatisation plan for Greece. It’s been issued by something called the Hellenic Republic Asset Development Fund — the vehicle supervised by the European institutions which has been tasked with selling off an eye-watering €50 billion of Greece’s “valuable assets.”

The fund was a real sticking point because the European institutions wanted to move it to Luxembourg, where they could keep a better eye on it. Anyhow, it’s still in Athens, and this document, dated July 30, details the goodies on sale to international investors who fancy buying up some of the country.

Fourteen regional airports, flying into top tourist hubs, have already gone to a German company, but don’t panic because stock in Athens airport is still on the table, as well as Athens’s old airport which is up for a 99-year lease for redevelopment as a tourism and business centre. 

  • Nick Dearden is director of Global Justice Now.
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