Sunday, May 8, 2011

Most Greeks Favor Selling Company Stakes, Reforms, Poll Shows

Bloomberg
May 8, 2011

Most Greeks favor the sale of government stakes in state-controlled companies and developing real estate as a way of reducing debt, an opinion poll showed.

Almost 64 percent of the 1,015 Greeks surveyed by Marc SA for the Athens-based Ethnos newspaper favored plans announced by Greek Prime Minister George Papandreou to raise 50 billion euros ($74 billion) in revenue from such sales. The poll also showed six in 10 Greeks believed government workers shouldn’t have guaranteed jobs.

Unions have called a general strike for May 11 to oppose plans to sell stakes in companies including Public Power Corp SA (PPC) and Hellenic Telecommunications Organization SA (HTO), the former electricity and phone monopolies. The sales are part of a total 76 billion euros in measures planned to 2015 to reduce debt and deficits that prompted a 110 billion-euro bailout from the European Union and International Monetary Fund last year.

More than two-thirds of those surveyed said Papandreou’s government needed to press ahead with reforms to the economy, compared with 27 percent who said they should be opposed with strikes and protests.

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