Sunday, May 01, 2011

MOST GREEKS FINALLY GET IT: ENDORSE PRIVATIZATION TO GET OUT OF DEBT

WHEN WILL THE USA'S LEFT AND OBAMA GET IT?

NYTIMES/REUTERS:

Last month the socialist government laid out plans to sell stakes in key state firms, Linkaiming to raise 50 billion euros from privatisations by 2015.

The poll by Public Issue for Kathimerini newspaper showed 74 percent of those asked thought privatisations were needed, with 69 percent saying a stronger private sector was necessary to get the 230 billion-euro economy back on track for growth.

Hurt by austerity measures to cut the budget deficit, Greece's economy is expected to contract by 3 percent in 2011, its third straight year of recession.

The paper said more than 60 percent of those polled agreed with privatising state railway OSE and casinos and betting firm OPAP.

More than 50 percent also favoured similar action with Attica Bank and Hellenic Postbank but public opinion is split on privatising gas company DEPA, regional airports, Hellenic Post and ATEbank.

Even in the case of electricity utility Public Power Corp. (PPC), where unions are planning a rolling series of 48-hour strikes later this month to fight privatisation plans, the poll showed increased approval for a sale -- 47 percent of those polled were in favour, up from 40 percent in a 2008 poll.

REPEAT: WHEN WILL THE USA'S LEFT AND OBAMA GET IT?

MY GUESS IS AROUND 2013 - WHEN WE'RE INAUGURATING A CONSERVATIVE GOP PRESIDENT!

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