Privatization

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Greeks Sell-Off Assets to Repay Debts in Europe’s Newest Onion Economy

Firesale privatization of Greek State Assets Raises Concerns for Future of Greece, accusations of Corruption In order to repay its sovereign debts, the Greek government has placed everything from a police headquarters in Athens to leasing private beaches on the auction block to raise much-needed funds.  As part of its bailout of Greece, the International Monetary Fund […]

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Dell Considering Privatization

Dell Computer, once a titan of the PC industry in the 1990s, is rumored to be considering a private buyout that would take the corporation into the realm of private equity and allow it to reconfigure itself for future markets without the scrutiny of shareholders. Rather than face the fate of RIM or HP, both […]

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The Return of Peronism in Argentina: Neo-Corporatism and Axel Kicillof

Limits on foreign currency exchange have led to the development of an underground market for dollars – such is the economic climate in Argentina today. Six months after tightening currency controls, it is not uncommon to find such ‘cash vendors’ in metropolitan areas like Buenos Aires, the capital, and, though illegal, it often is an […]

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Argentina’s Shift Left: How President Cristina Fernández de Kirchner’s Flirtation with Socialism Hampers Prospects for Economic Growth

Argentina’s move to seize control of national oil giant YPF (Yacimientos Petroliferos Fiscales) has cheered domestic supporters of embattled Peronist President Cristina Fernández de Kirchner, but the move has angered Argentina’s trans-Atlantic friends in Spain. What began as a business issue has now become a full-blown diplomatic incident. The proposed nationalization of YPF follows Kirchner’s previous […]

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President of Argentina Cristina Fernández Kirchner Nationalizes 51% of YPF, the Former State Oil Company

The move is widely considered an economic catastrophe for Argentina but the nationalization of former state oil enterprise YPF, a hallowed mark in Argentina, will not only address energy and cash shortages but may also shore up the president’s popularity. Yet, many find this most recent move by Cristina Fernández disturbing because, like Venezuelan President Hugo Chávez, […]

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