Government Pays Debt to Athens Water Utility Ahead of Privatization
- Written by E.Tsiliopoulos
By paying 400 million euros worth of debt to the Athens Water and Sewage Company EYDAP, the government hopes it will make the firm more lucrative ahead of efforts to privatize it.
Through the deal there will be a mutual debt write off between the Greek government and EYDAP. However, this will leave a bill of 400 million euros to settle, which unionists argue is actually over a billion euros.
The union is opposed to the sell-off and argues that water privatizations in other parts of Europe have failed.
Tagged under
Related items
- Giannis Antetokounmpo and Mariah to tie the knot in Greece wedding
- Police arrest Greek national sought by Italy for financial crimes
- Greek President Sakellaropoulou meets with diaspora in Santiago, Chile
- Greek bases to hosts largest NATO air exercise this Fall.
- Far right deputy punches another far right MP, lands in jail, faces prosecutor
Latest from E.Tsiliopoulos
- Giannis Antetokounmpo and Mariah to tie the knot in Greece wedding
- Police arrest Greek national sought by Italy for financial crimes
- Greek President Sakellaropoulou meets with diaspora in Santiago, Chile
- Greek bases to hosts largest NATO air exercise this Fall.
- Far right deputy punches another far right MP, lands in jail, faces prosecutor