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Greece faces power cuts as unions plan strikes

Published on NewsOK Modified: July 2, 2014 at 2:19 pm •  Published: July 2, 2014

ATHENS, Greece (AP) — Greek authorities warned Wednesday of possible power cuts at the heart of the summer tourist season as electric utility workers head for protracted strikes against government plans to break off and sell part of the country's dominant power producer.

Public Power Corporation unions have vowed to launch rolling 48-hour walkouts Thursday. They argue that electricity supply is a vital commodity that should stay under state control.

The conservative-led government insists it will carry out the sale — which was demanded by the recession-plagued country's international creditors. It is threatening to force strikers back to work with a mobilization order.

Prime Minister Antonis Samaras said he would not bow to "fanatic populists" seeking to stop his privatization program.

Since 2010, Greece has survived on international bailouts granted on condition that it implements tough austerity measures and sells off state property.

The PPC sale involves carving out a new subsidiary that would account for about 30 percent of the utility's power output, and selling it to private investors. Greece has also committed to privatize a 17 percent stake in PPC, in which it currently holds 51 percent.

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