Tuesday, 26 April 2011

Privatisation -- Greek style

Or, how to raise money even when the crisis is hitting you hard and you have no money: recruit a crony as a contractor to make sure the money does not go astray!
God forbid that we waste money on education, pensions, improving public facilities, or public health...

Incredulous?
See below:

The Greek Socialist government has announced its decision to embark upon an extensive privatisation and assets sell-out programme, expected (by said government) to raise Euro: 50 billion by 2015. The figure was revised to "between 15-50" billion later.

Two ministries (Finance & Commerce) contracted out this job to NBG Group and CC&C advisors.
While NBG is Greece's largest banking concern and has been around for a while, CC&C advisors has the obvious advantage of not having been around for any while; it is a 1 GBP, same day on-line formation, company formed 14th December 2010. CC&C does not exist in fact.

CC&C is a 1 pound company formed by one Christopher Uregian, researcher at the World Bank. Chris exists, of course! Presumably one of the Cs in CC&C is for Christopher; the jury is still out on the remaining two.
This is a relatively recent photo of Chris:
Christopher has 4 years working experience. Christopher entered a quickie company in London and signed on with the Greek State as a contractor.
He will receive Euro 50k as consieration for his services, as well as a "bonus" from any success based on his services... not bad for a young researcher at the World Bank.
One of Campion's more successful graduates, to be sure!

Of course, it is useful if your family lives in Greece and owns an investment and estate development firm, ARIS UREGIAN... and a financial broker's license.


The point ιs, of course, that Chris is NOT at fault in any way. On the contrary he has an excellent assignment to show on his resume, following which he may negoatiate a better position at WB or back home.

The same cannot be said of the inane dignitaries that plague the country.-


This is a photo of Christopher's firm's (CC&C) declared headquarters in London England:Of course, no company of that name is known to inhabitants of that building -- let alone the first floor of that building where the company offices are declared to be.

Leather Lane, a well-known and busy business abode is seen below:
Just the place to set up office if you are to consult a country on privatising its assets.
Obviously, Christopher, entered a quickie company in London and signed on with the Greek State as a contractor.

Isn't it good to know that Greek politics have turned over... the same leaf!

No comments: