At its first meeting yesterday (28 January) the new Greek cabinet decided to freeze some privatisations and promised to reinstate sacked civil servants.
The government of Alex Tsipras (pictured) was thereby halting or reversing measures introduced by the preceding government as part of a five-year-long bail-out programme that has channelled almost €240 billion to Greece in exchange for cuts in public spending and pro-competitive reforms.
The decision to freeze the privatisations will be viewed as an affront by Athens’ European creditors. The payment of a final loan of several billion euros, which Greece is likely to need to stay afloat, depends on …read more
Source: European Voice
