When Water is for Sale
26/08/2015
The privatisation of state water companies around the world almost always has one common denominator: it is made under the pressure of international lenders in countries with large debt or…
water
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Europoly: Privatization Under the Troika
10/11/2014
Because of the crisis, countries have to carry out extensive privatisations in return for the Troika΄s loans. In Portugal & Greece especially, oligarchs, corporations and investors are making cheap purchases.…
Medieval village on Crete is sinking under water [video]
24/10/2014
Cretan village is sacrificed in controversial dam project to supply the island’s capital with water
Greece: a country of riches led by impoverished minds
25/07/2014
From the insane drive to allow large corporations to extract oil and minerals from under Greece as quickly as possible, to the bone-headed move to open the country’s forests and…
Water companies prove to be illiquid assets for government: privatization plans stall due to court rulings and public opposition
02/07/2014
Following key legal decisions and a widespread popular disapproval, the Hellenic Republic Asset Development Fund has announced that it is re-examining plans to privatize the Thessaloniki water utility EYATH. However…
Privatisation of Athens Water Utility ruled unconstitutional
28/05/2014
The government’s plans to privatise Greek water utilities suffered a major setback when the Council of State, the country’s highest administrative court, blocked the transfer of state-owned shares in the…
Who is the Guy representing you?
22/05/2014
Guy Verhofstadt, candidate for EU Commission president, sits on the board of a multinational looking to gain from the privatization of water utilities in Greece. It is widely known that…
Hedge fund banks on profits from Athens water privatization
05/05/2014
Betting against US subprime mortgages in 2007 made him a billionaire. Now John Paulson is betting (some of) his hedge fund’s money on the Athens Water Utility, a state company…
Press Review March 24
24/03/2014
Valued at over 1.2 billion euros the site of the former airport at Hellinikon may be sold for much less (photo by airlines470 via Flickr); Greece ‘returns’ to Europe; European…
Press Review March 20: One offer of 2 billion
20/03/2014
The initial offer for the former airport site at Hellinikon reaches 2 billion; beneficiaries of the ‘social dividend’ will receive between 500 and 1000 euros; new legislation seeks to prevent…