Germany pushes for privatizations in the Euro zone

Germany pushes for privatizations in the Euro zone

BERLIN/ATHENS (Own report) – German government agencies and the
Deutsche Bank are pushing for the privatization of public property in
the southern European crisis countries. In Greece, the state-owned
foreign trade promotion agency “Germany Trade and Invest” (GTAI) acts
as a “consultant” for the “Hellenic Republic Asset Development Fund”
(HRADF) which, since the end of March, has all the property titles on
Greek state assets and is preparing their sales. The HRADF is
patterned after the German Treuhand (Trust Fund), which is accused of
having squandered the national wealth of the German Democratic
Republic (GDR) in the aftermath of 1990. It is benefiting from the
“German experience in the privatization and restructuring process of
the newly formed German states,” according to the German Ministry of
Economics. The GTAI agency, which, in the search for new investors, is
collaborating with its Greek counterpart “Investment in Greece” sees
“attractive investment opportunities” in real estate and natural
resources, in water supply, in infrastructure and in the OPAP, the
largest betting and gambling company in Europe and Greece’s third
largest enterprise. The Deutsche Bank is participating in OPAP’s
privatization. The bank has assisted in similar processes in other
countries and according to its research team, comprehensive
privatizations need to be carried out all over Europe.
PB: Deutsche Bank is Rothschild.

By piotrbein

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