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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Snowshoe who wrote (73845)6/25/2010 2:01:05 AM
From: KyrosL  Read Replies (2) of 74559
 
Not particularly significant. The Greek government has around 300 billion euros in property and stakes in various companies, which is larger than the public debt. However, there is huge resistance from selling it, largely by the public servants who "administer" it and the left leaning parties, which are the majority in parliament. This time perhaps privatization will make some progress, although it will not derive much revenue because asset prices are way down.
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