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
- Schinas visits Dadia forest to address black vulture conservation efforts after the devastating fires of 2023
- Tourism Minister Kefalogianni meets new Japanese Ambassador Koichi Ito
- Mitsotakis-Erdogan Meeting in Ankara Fixed for May 13
- Hatzidakis in Washington for IMF and World Bank meetings
- Erdoğan flies off the bat: "Israel surpassed Hitler, it is a state of terrorists"
Latest from E.Tsiliopoulos
- Schinas visits Dadia forest to address black vulture conservation efforts after the devastating fires of 2023
- Tourism Minister Kefalogianni meets new Japanese Ambassador Koichi Ito
- Mitsotakis-Erdogan Meeting in Ankara Fixed for May 13
- Turks flock to Greek islands after vis-on-arrival process
- Hatzidakis in Washington for IMF and World Bank meetings