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Banking fragility rooted in justice failures Evidence from Ukraine
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Privatisation is no salvation

23 June 2011

Privatisation is no salvation

Protests continue in Greece as its leaders debate the latest suggestions for dealing with its crippling debt. One proposal is for Greece to privatise several of its assets. This Commentary argues that privatisation is a mirage. If solvency is the problem, privatisation will only make matters worse, especially if it has to be done at distressed prices.
Daniel Gros is the Director of CEPS.

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Privatisation is no salvation
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