The former international airport at Elliniko in southern Athens. The public sector in Greece is not poor, but it has never focused properly on the assets it owns and manages on behalf of the citizens. This needs to change, says Bob Traa.
In previous Notes for Discussion, we have looked at a long-term plan to bring the debt down; issues in state enterprises and whether these might be best managed in the private sector or by public sector managers; and the public sector balance sheet, which should reflect all the debt but also all the assets that the government owns.
It was recognized that the debt ratio is too high for Greece and that it will take a long time to bring this down a gradual plan is called for. We also …
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