Shaking up state companies

Greece’s state-run corporations – the Public Power Corporation, OTE telecom, Olympic Airlines and so on – have definitely seen better days. These companies used to serve the common good but without abandoning profit-making. Eventually, however, they followed the course of the Greek state – suffering from decades of partisanship, vested interests, political bribes and poor administration. For the first time in years, these state enterprises are headed by good managers, managers who have proved their skill and competence on the international market and won the confidence of business giants; managers whose CVs are far superior to those of the average government minister of the past few decades. If the politicians will allow them to whip into shape the companies and their organization, these newly appointed managers will definitely succeed in their mission. The question is whether Greece’s politicians will finally realize that the world is changing and that they must allow these organizations to operate along free market lines.