Greece – DEI, State Power Company At Risk Of Bankrputcy

Greek Reporter announces that the state power company is accumulating unpaid bills at the rate of 120 million Euros a month.

Everyday, DEI, the Greek state run electricity provider becomes more attractive to private investors.

The arrears are caused by the “Emergency property” tax being attached to the electricity bill. It is not possible for people to pay for their electricity and not the property tax.

If I were pushing for the privatisation of DEI, I would certainly want to put them in an impossible financial position.

1. To remove as much of their bargaining power as possible

2. To reduce the cost of any acquisition as much as possible.

Make no mistake, this ramping up of arrears is playing directly into the hands of those entities that want to see DEI in private hands.

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