Greece carries out first privatisation under SYRIZA

Greeces radical left government on Friday carried out its first privatisation since coming into power three months ago, by selling a 20-year horseracing gambling licence to a subsidiary of Czech-Greek company Opap for 40.5 million euros.

Alexis Tsipras’s government had been largely opposed to the planned sale of state assets by the previous government, and had vowed to halt such privatisations. But it came under intense pressure from cash-strapped Greeces international creditors to move forward with the sale.