Terrible news from Greece.
Ben Chacko at the Morning Star reports:
Greece's ruling coalition unveiled an "everything must go" sale of the country's assets over the weekend as Finance Minister Yannis Stournaras gushed that privatisation was his "top priority.
"The privatisation programme aims at attracting important international capital," Mr Stournaras told MPs on Saturday, sketching a vista of foreign corporations rushing in to snap up Greece's infrastructure and services.
The initial wave of the project would include 28 major privatisations, including state natural gas, water and betting companies, a number of key airports including that of Athens, the state railways and various marinas and other properties.
Some services would be taken over entirely by the private sector, he said, while in others the state would rent back the infrastructure from the buyers.
Mr Stournaras added that this was just the beginning, with a second bout of sell-offs, including that of the Public Power Corporation, planned for a later date.
You can read the whole of Ben's report here.
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