Greece - Another round of reform and privatisation - September 30, 2016

An omnibus draft law containing a second list of state-run utilities and enterprises whose publicly-owned shares will be transferred to a new holding company -- essentially a 'super privatisation fund' -- will be tabled in the Parliament. The development is one of more than a dozen ‘prior actions’ currently demanded by creditors. Besides the ambitious privatisation fund, the draft legislation includes EU-enforced reforms in the domestic electricity market, changes in the social security regime for self-employed professionals, merchants and craftsmen, and even hoteliers. Trade unions fear that this could lead to further watering of labour rights at the state-run companies.

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