The ways in which the Greek government wants to manage public services more effectively, for the benefit of the public, but also in line with the country’s bailout commitments were presented by Finance Minister Euclid Tsakalotos on Tuesday during an event of the European Parliament’s Working Group in Brussels.
The minister spoke about the mistakes made in the past concerning the nationalizations of companies in the ’70s and the subsequent privatizations at a national and European level, arguing that Greece is now in a process of negotiating with the institutions so that public property, including public companies, are utilized in the best way possible, to maximize the benefits for the state.
He said the aim is not just to privatize, but to use other ways, such as restructuring so that companies become more efficient as well as mobilizing private funds to invest in idle assets. In this effort, the contribution of foreign experts – especially those sent from France – is important in achieving this, Tsakalotos said.
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