Greek PM Tsipras freezes privatizations, markets tumble.

[louis-t]

ATHENS (Reuters) - Leftwing Greek Prime Minister Alexis Tsipras threw down an open challenge to international creditors on Wednesday by halting privatization plans agreed under the country's bailout deal, prompting a third day of heavy losses on financial markets.

It said it would halt the sale of stakes in the Public Power Corporation of Greece , Greece's biggest utility, and refiner Hellenic Petroleum and put other planned asset sales of motorways, airports and the power grid on ice.


http://news.yahoo.com/greek-pm-tsipras-says-mandate-radical-change-094205248--business.html

Greece was about to be sold to the highest bidder.

[nc4bo]

1. I think here we would have 24/7 firesales, no one caring which foreigner buys keys to whatever city,

Town, municipality, pieces of infrastructure, utility, pension, etc.

My best wishes to the people of Greece.