Public Power Corporation
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Environment and Energy Minister Yiannis Maniatis on Thursday submitted a series of amendments to a controversial bill for the part-privatization of the Public Power Corporation setting a minimum price and guaranteeing workers jobs for five years ahead of a vote on the draft legislation that is expected to take place in Parliament next Wednesday.
Independent Greeks have thrown their weight behind SYRIZA's proposal for a referendum on privatizing part of Public Power Corporation (PPC).
In a statement Thursday, the country's right-wing anti-bailout party said leader Panos Kammenos had called leftist opposition leader Alexis Tsipras to declare his support for the move.
Most parts of the country are expected to be without power at various points during the day on Thursday as Public Power Corporation (PPC) workers begin rolling strikes in protest at the governments privatization plans, which Prime Minister Antonis Samaras insisted he has no intention of abandoning.
Favorable reports on the local credit sector published on Tuesday by Morgan Stanley and Goldman Sachs propelled local stocks to a healthy rebound at the start of the years second half.
The Athens Exchange (ATHEX) general index closed at 1,228.85 points, adding 1.20 percent to Mondays 1,214.31 points. The blue chip FTSE/ATHEX 25 expanded 1.14 percent to close at 396.52 points.
Government spokeswoman Sofia Voultepsi on Tuesday warned GENOP, the union representing workers at Public Power Corporation (PPC), that civil mobilization would be considered if unionists followed through on blackout threats.
GENOP is opposing government plans for the partial privatization of state-owned PPC.