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Power Utility Union to Strike Over Stake Sale

“We decided to move to rolling 48-hour strikes,” said Costas Koutsodimas, vice-president of the Genop labour union. “We want to show the government that keeping the (state’s) 51 percent stake is a matter of principle,” he told Reuters.
Greece’s cash-strapped government, which owns 51 percent of PPC, wants to sell as much as 17 percent in the company next year as part of a 50 billion euro privatisation drive to pay down debt.
Koutsodimas said the strikes would start a week before the government submits fiscal and privatisation plans to parliament. The government is expected to do so by May 15.
(source: Reuters)

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