COMMENT

Highest bidder wins

The privatization of state assets is one of the biggest goals the government has to focus on right now. An inflow of foreign investment capital is crucial as it could help jump-start the Greek economy and put it on the path to growth.

The main criterion for choosing potential investors from those who submit a bid should, of course, be the money that is being put on the table. The sale of state assets to the highest bidder is the only way to ensure the complete transparency that the Greek people expect to see in the process. Parties that have their own geopolitical interests in the investment opportunities of this country should simply make a higher and better offer if they want to have a say.

The battle between homegrown and foreign interest groups over the cream of the privatization portfolio may stir political problems for the country. This is why the government needs to be absolutely clear that it will not compromise the terms of healthy competition in any way and that it will abide by the golden rule of highest bidder wins.

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