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The big trick behind Public Power Corporation privatization in Greece

Public Power Corporation (PPC) unionist with Samaras' party reveals the big trick in favor of private “investors”!

by system failure

Pantelis Karaleftheris, PPC unionist, employee representative and MEP candidate with Nea Dimokratia (the main government coalition party) in recent euro elections, speaking in one of the biggest mainstream media in Greece, revealed that the government is selling off the "small PPC” (30% of the current PPC) for 1.5 billion, while lignite deposits will bring a profit of 120 billion (!) over 30 years.

Specifically, Karaleftheris claimed that whoever private investor will buy the "small PPC", will pay approximately 1.5 billion euros, an amount equal to a new modern technology power station that the PPC currently builds. However, according to his statement, the government in essence hides the fact that the investor will also take a high quality lignite deposit with an estimated value of more than 120 billion euros over 30 years!

Additionally, the investor will take the lignite deposits of the highest calorific value and better quality, leaving those of lower quality to the remaining part of PPC under Public control.

Karaleftheris also claimed that, all these things are of less importance because the government is planning to sell the remaining part of PPC to another private investor in the future, anyway. Therefore, a tight cartel will be formed in the energy sector by two big private companies which will control the prices at will.

This is another good evidence that the neoliberal government transforms Greece into a banana republic to serve the interests of the few.

While the government claims that all these actions are prerequisites imposed by the Troika lenders to Greece, it is worth to remember that a government official, the Deputy Transport Minister, Michalis Papadopoulos, recently stated that the Troika and the Greek government are only serve local and foreign interests: http://failedevolution.blogspot.gr/2014/03/official-troika-in-greece-serves.html

Meanwhile, the war between the government and the PPC unionists/opposition culminates.

In a decision published at 11 p.m. Friday, the Athens First Instance Court ruled that the strike of unionists at Public Power Company (PPC/DEH) was “illegal”. Immediately the government moved to issue “civil mobilization” order to strikers as it was clear that they would continue their strike despite the court ruling. http://www.keeptalkinggreece.com/2014/07/05/govt-issues-civil-mobilization-orders-to-ppc-strikers/

It is obvious that, as the government holds a very thin majority ready to break, especially after the latest euro elections where SYRIZA won and government coalition parties lost significant power, the local and foreign oligarchs are pressing the puppet government to sell quickly in ridiculously low prices, the key sectors under public control.

The video with the specific statements here:

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