Lafazanis: gov't 'radically opposed' to some privatizations

By Elena Becatoros

Greece's new government is "radically opposed" to the privatization of certain businesses, particularly in the energy and infrastructure sectors, a senior cabinet minister said Wednesday as reforms talks with creditors were due to begin.

Selling state-owned enterprises is one of the actions Greece has been asked to take to raise funds and reduce debt in exchange for rescue loans from the eurozone and International Monetary Fund.

Talks between Greece and its creditors were to start on a technical level in Brussels later Wednesday to cement a series of reforms Athens must implement in order to get the remaining bailout funds released and avoid bankruptcy.

"We are radically opposed to the privatization, particularly of the strategic sectors and businesses of our economy, and primarily in the sector of infrastructure and energy," said Panagiotis Lafazanis, the energy and environment minister and a government hardliner, at a conference in Athens [which was co-hosted by the International New York Times and Kathimerini].

Lafazanis added that "honestly, I haven't understood why for some schools of thought, privatizations have become synonymous with reforms."

He argued that what he called the "neoliberal deregulation in the energy market, which occurred particularly during the recent (bailout) years with the insistence of the (European) Commission and the troika" had prolonged and exacerbated Greece's financial crisis and energy poverty in the country.

The "troika" refers to the Commission, International Monetary Fund and European Central Bank, who together oversee the 240 billion euro rescue loans Greece began receiving in 2010. The new government insists the word `troika' refers to those institutions' mid...