OPINION

Transparent privatizations

The main batch of state-owned asset sales that Greece has committed to must move ahead without any more delays.

The government knows only too well that if the deals are not completed for the privatization of certain assets, the country will be facing a major credibility crisis within the next couple of months.

It is clear that there is a battle raging behind the scenes of the privatization process, a battle which involves those who don’t want the sell-offs to go ahead for their own personal reasons and those who do but only if they are conducted under their terms and under their control.

There are two fundamental decisions that could protect the government and the entire process from this war of interests. The first is ensuring complete transparency in regard to what is being sold and under what terms. The second is adopting the principle that whoever offers the most money will come out the winner in any bidding process.