Recently, United Europe presented a study on the privatisation potential in the European Union. Now, the organisation’s President Wolfgang Schüssel follows up on the argument in a piece published by the Globalist.
In his article, Schüssel makes a strong case for using privatisation as an economic tool. In the present situation, eurozone governments cannot sustainably restore growth by increasing public spending or reducing interest rates. Public debt in the eurozone is already to high, while the European Central Bank is keeping interest rates extremely low.
Selling publicly-owned assets could raise some much-needed extra revenue for financing investment, Schüssel writes. Even more importantly, privatisation greatly improves the productivity of the companies involved. This boosts competitiveness and can substantially contribute to growth.
Please find more articles on this subject:
Long article in the Dutch newspaper Het Financieele Dagblad on Oct, 19th 2014
Report with pictures from the event in Brussels published by the political newspaper The European Sting on Oct. 15th. 2014
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