Too soon to pop the champagne

The government of Alexis Tsipras has expressed its intention to push ahead with major privatizations of state-owned assets. If it is being honest about its commitment to this part of the reform program, then this is very good news indeed.

Greece is in desperate need of an injection of funds and investments.

If the government has what it takes to implement even one of the big privatizations that are pending within its term, it will be sending a powerful message that something is changing in the country and begin winning back the confidence of skeptical investors.

However, it is too soon to pop the champagne corks, because there are certain ministers in the government who will do everything within their power to sabotage such plans. Another problem that should not be overlooked is all the judicial and bureaucratic obstacles that any such endeavor would need to overcome.

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