{"id":189040,"date":"2010-06-02T17:36:00","date_gmt":"2010-06-02T22:36:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/06\/02\/imfed\/"},"modified":"2010-06-02T17:36:00","modified_gmt":"2010-06-02T22:36:00","slug":"imfed","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/06\/02\/imfed\/","title":{"rendered":"IMFed"},"content":{"rendered":"<p>Yes, going through a debt crisis means <a href=\"http:\/\/www.cnbc.com\/\/id\/37465186\">selling off state assets at pennies on the dollar<\/a>, so that private operators can underfund basic maintenance and overcharge consumers for luxuries like, you know, water:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Greece on Wednesday outlined plans to sell stakes in state-owned railway, water and real estate companies as part of a drive to raise billions of euros to help restore its ailing public finances.<\/p>\n<p>\u2026\u2026\u2026\u2026<\/p>\n<p>The European Union\/International Monetary Fund bailout for the heavily indebted country projects revenue of 1 billion euros ($1.22 billion) per year from privatizations for the 2011-13 period.<\/p>\n<p>\u2026\u2026\u2026\u2026<\/p>\n<p>As part of the plan, the cash-strapped government will sell 49 percent of loss-making railway company OSE, 39 percent of Hellenic Post, 23 percent of Thessaloniki water EYATH and 10 percent in Athens water EYDAP.<\/p><\/blockquote>\n<p>I hope you are ready for the riots when people&#8217;s water bills triple overnight.<\/p>\n<p>It&#8217;s sh%$ like this makes things worse.<\/p>\n<p>The method is: sell the assets at an undervalued price, remove the revenue stream from your control, and they tell you that net result will be financial stability.<\/p>\n<p>No, it&#8217;s just a slope to bankruptcy and the destruction of the middle class, and it is why the IMF is so justifiably despised across the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, going through a debt crisis means selling off state assets at pennies on the dollar, so that private operators can underfund basic maintenance and overcharge consumers for luxuries like, you know, water: Greece on Wednesday outlined plans to sell stakes in state-owned railway, water and real estate companies as part of a drive to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,969,1196,982],"tags":[],"class_list":["post-189040","post","type-post","status-publish","format-standard","hentry","category-europe","category-evil","category-privatization","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189040"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189040"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189040\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}