SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
To donate by check, phone, or other method, see our More Ways to Give page.
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
"The privatization of Trainose is now on track," said Development Minister Costis Hatzidakis, "and in a short space of time we will have a very different landscape in Greek railways." (Photo: Tilemahos/flickr)
The privatization of Greece's rail system is set to begin in June, the Greek government announced on Monday, as it continues to mete out the austerity including privatizations the troika imposed as a requisite for receiving bailout funds.
Writing "Greece on the Auction Block," the International Business Times explains that the Hellenic Railways Organization, referred to by its Greek acronym OSE,
owns and maintains the country's rail infrastructure except for the Athens rapid transit lines. It consists of about 500 freight and passenger routes on 2,500 kilometers (1,553 miles) of railways. [...]
Greece initially unveiled plans in 2011 to privatize EUR15 billion ($19.3 billion) worth of state-owned assets by the end of this year and EUR50 billion by 2015, according to the Wall Street Journal. [...]
The country lowered its privatization goal to EUR19 billion by 2015, and then lowered it again in December to EUR11 billion by 2016. Last year it raised only EUR1.7 billion in the sale of state-owned assets.
Agence France-Presse adds that the Greece must raise 2.6 billion euros through asset sales this year.
"The privatization of Trainose is now on track," Development Minister Costis Hatzidakis said in a statement.
"The procedure will begin in June...and in a short space of time we will have a very different landscape in Greek railways," Hatzidakis added.
The austerity measures have been widely denounced by Greeks, prompting national strikes and protests.
__________________________
Trump and Musk are on an unconstitutional rampage, aiming for virtually every corner of the federal government. These two right-wing billionaires are targeting nurses, scientists, teachers, daycare providers, judges, veterans, air traffic controllers, and nuclear safety inspectors. No one is safe. The food stamps program, Social Security, Medicare, and Medicaid are next. It’s an unprecedented disaster and a five-alarm fire, but there will be a reckoning. The people did not vote for this. The American people do not want this dystopian hellscape that hides behind claims of “efficiency.” Still, in reality, it is all a giveaway to corporate interests and the libertarian dreams of far-right oligarchs like Musk. Common Dreams is playing a vital role by reporting day and night on this orgy of corruption and greed, as well as what everyday people can do to organize and fight back. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. |
The privatization of Greece's rail system is set to begin in June, the Greek government announced on Monday, as it continues to mete out the austerity including privatizations the troika imposed as a requisite for receiving bailout funds.
Writing "Greece on the Auction Block," the International Business Times explains that the Hellenic Railways Organization, referred to by its Greek acronym OSE,
owns and maintains the country's rail infrastructure except for the Athens rapid transit lines. It consists of about 500 freight and passenger routes on 2,500 kilometers (1,553 miles) of railways. [...]
Greece initially unveiled plans in 2011 to privatize EUR15 billion ($19.3 billion) worth of state-owned assets by the end of this year and EUR50 billion by 2015, according to the Wall Street Journal. [...]
The country lowered its privatization goal to EUR19 billion by 2015, and then lowered it again in December to EUR11 billion by 2016. Last year it raised only EUR1.7 billion in the sale of state-owned assets.
Agence France-Presse adds that the Greece must raise 2.6 billion euros through asset sales this year.
"The privatization of Trainose is now on track," Development Minister Costis Hatzidakis said in a statement.
"The procedure will begin in June...and in a short space of time we will have a very different landscape in Greek railways," Hatzidakis added.
The austerity measures have been widely denounced by Greeks, prompting national strikes and protests.
__________________________
The privatization of Greece's rail system is set to begin in June, the Greek government announced on Monday, as it continues to mete out the austerity including privatizations the troika imposed as a requisite for receiving bailout funds.
Writing "Greece on the Auction Block," the International Business Times explains that the Hellenic Railways Organization, referred to by its Greek acronym OSE,
owns and maintains the country's rail infrastructure except for the Athens rapid transit lines. It consists of about 500 freight and passenger routes on 2,500 kilometers (1,553 miles) of railways. [...]
Greece initially unveiled plans in 2011 to privatize EUR15 billion ($19.3 billion) worth of state-owned assets by the end of this year and EUR50 billion by 2015, according to the Wall Street Journal. [...]
The country lowered its privatization goal to EUR19 billion by 2015, and then lowered it again in December to EUR11 billion by 2016. Last year it raised only EUR1.7 billion in the sale of state-owned assets.
Agence France-Presse adds that the Greece must raise 2.6 billion euros through asset sales this year.
"The privatization of Trainose is now on track," Development Minister Costis Hatzidakis said in a statement.
"The procedure will begin in June...and in a short space of time we will have a very different landscape in Greek railways," Hatzidakis added.
The austerity measures have been widely denounced by Greeks, prompting national strikes and protests.
__________________________