Pages

Saturday, July 18, 2015

Greece does about-face, pledges big privatization push

ATHENS, Greece (AP) — Work was supposed to begin next year on a 7 billion euros ($7.6 billion) waterfront urban renewal project almost twice the size of New York's Central Park that could have poured nearly a billion euros into Greece's depleted coffers. The plans stalled late last year after the far-left Syriza party took power and promised to halt attempts at putting the private sector in control of state assets, both on ideological grounds and because leaders believe rampant corruption must be addressed before any sell-off.


READ THE ORIGINAL POST AT uk.news.yahoo.com