StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The EU has stipulated that in order to receive financial support Greece must privatise public assets. Advise Greece on the experiences of the UK's privatisation programme, and how they can avoid the errors of the UK's experience - Essay Example

Comments (0) Cite this document
Summary
Advise Greece on the experiences of the UKs privatization programme, and how they can avoid the errors of the UKs experience
The present question is asking for a…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.1% of users find it useful
The EU has stipulated that in order to receive financial support Greece must privatise public assets. Advise Greece on the experiences of the UKs privatisation programme, and how they can avoid the errors of the UKs experience
Read TextPreview

Extract of sample "The EU has stipulated that in order to receive financial support Greece must privatise public assets. Advise Greece on the experiences of the UK's privatisation programme, and how they can avoid the errors of the UK's experience"

Download file to see previous pages The question will be answered by constructing major themes that discuss the meaning of privatization, privatization from the view point of the United Kingdom and how Greece should learn from the United Kingdom experience.
In a very typical and ideological world, the word “privatization” may have several meanings and interpretation. However, the present study limits the definition and meaning of the word to its political connotation. From a political viewpoint, Starr (1989) perceives the meaning of privatization from two major perspectives. First, he talks about “any shift of activities or functions from the state to the private sector.” This therefore implies any situation in the governance system whereby the populaces who in this case are considered to be in the private sector are given much power to take charge of basic activities and functions that would otherwise had been monopolized by government. In the second instance, the writer states that privatization also represents “any shift of the production of goods and services from public to private.”
As it appears now, it would be said that Greece finds itself in some kind of serious fix whereby the country’s hands are very tight as far as the opinion given by the European Union is concerned. This point is made against the backdrop that as far as Greece remains a member of the Union, it is bound by regulations to heed to all conventions and laws that come from the General Assembly. A refusal to do this may result in a rather unpleasant situation where it would have to face political and economic sanctions from the European Union that may even worsen the financial plight of the country (Musgrave, 2001). Again, as far as the ownership of businesses in Greece is concerned, Greece will be faced with under capitalization because the government or public sector is not presently in a better position to man the affairs of State enterprises and businesses and cushion them with the needed ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The EU has stipulated that in order to receive financial support Essay”, n.d.)
The EU has stipulated that in order to receive financial support Essay. Retrieved from https://studentshare.org/macro-microeconomics/1601160-the-eu-has-stipulated-that-in-order-to-receive-financial-support-greece-must-privatise-public-assets-advise-greece-on-the-experiences-of-the-uks-privatisation-programme-and-how-they-can-avoid-the-errors-of-the-uks-experience
(The EU Has Stipulated That in Order to Receive Financial Support Essay)
The EU Has Stipulated That in Order to Receive Financial Support Essay. https://studentshare.org/macro-microeconomics/1601160-the-eu-has-stipulated-that-in-order-to-receive-financial-support-greece-must-privatise-public-assets-advise-greece-on-the-experiences-of-the-uks-privatisation-programme-and-how-they-can-avoid-the-errors-of-the-uks-experience.
“The EU Has Stipulated That in Order to Receive Financial Support Essay”, n.d. https://studentshare.org/macro-microeconomics/1601160-the-eu-has-stipulated-that-in-order-to-receive-financial-support-greece-must-privatise-public-assets-advise-greece-on-the-experiences-of-the-uks-privatisation-programme-and-how-they-can-avoid-the-errors-of-the-uks-experience.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The EU has stipulated that in order to receive financial support Greece must privatise public assets. Advise Greece on the experiences of the UK's privatisation programme, and how they can avoid the errors of the UK's experience

Advise UK Commodities

... they were already damaged. Section 35 part 2 of the 1979 sales act denotes that a buyer who has never examined the goods under consideration has not accepted the goods until he has examined them in order to ascertain if the goods are in accordance to the agreements stipulated in the contract. Subsection (b) of part 2 denotes that if the sale of the goods is by sample, the buyer must ascertain that quality of the goods under consideration, matches the quality of the sample. In our case above, a large proportion of the wheat were damaged4. On this basis, the buyer can reject the goods under consideration. This argument is reinforced by the provisions contained in Section 35A part 1(a) which denotes that the buyer has a right to reject goods...
6 Pages(1500 words)Assignment

GREECE

Beautiful nature, geographical position and warm climate make Greece attractive for immigrants. “Greece's geography, which became especially important after the formation of Europe's borderless Schengen Area, has also contributed to the country's transition to an immigrant-receiving nation. Positioned at the southeastern "gate" of the European Union, and with extensive coastlines and easily crossable borders, Greece has become a common transit country for those seeking entry into Europe” (Kasimis 86). Actually, with the development of globalization, migration became very active. Now it plays a very important role and is defined as “function of changes in the international division of labor and reconstructing of the global economy...
3 Pages(750 words)Essay

Prison Privatisation in the UK

... or tax dollars are being spent. Private finance initiative procurement monies would be safer to use because if the money is not utilized properly, the private sector could more easily sue for damages. However, since the money is the public's money, the public does not necessarily have a representative in place to represent their interests, needs, and wants with regard to how the project is coming along. In this way, there is much more potential for abuse when it comes to the public's money being spent on the prison programme. SECTION II. III. Question II In the opinion of Ramus, et. al. (2006), "After a client has selected an appropriate procurement strategy for his building project, the next stage will be a review of how best...
10 Pages(2500 words)Essay

Greece Economy

...Project 2: For a currency of your choice and a that you select, plot the Treasury yield curve and comment on its shape. Assess with an example as to whether (synthesized) forward rates can be useful in predicting future spot rates Finance has a great significance in every country's development and progress. Financially strong countries can establish themselves as a strong and unite nation. Finance helps a lot in solving number of problems of any country. United States is one of the strongest super powers of world. With the aid of finance number of factors can be change. World wars and other local wars highly affect a market and it gives a bad impact on currency and bond of country. They badly affect on asset pricing. During...
16 Pages(4000 words)Essay

Privatisation in UK

..."We must do what we can to encourage corporate responsibility. But we cannot leave companies to regulate themselves globally, any more than we can do in our own national economies." - Jack Straw MP, Secretary of State for Foreign and Commonwealth Affairs, September 2001 Privatisation in UK was intended to result into fiscal benefits and equity-enhancing effects, reduction of inequalities in access to goods and services by limiting opportunities for favouritism, corruption and differential fixing of rents. However, there are concerns privatisation has hurt the socio-economic welfare of the majority since the problem of applying UK company law has become problematical with the whole privatisation process. Privatisation in the UK has been...
6 Pages(1500 words)Essay

Greece

... Greek Art in Transition The ical Revolution” of the fifth century BC in Greece represents the endof the “Conceptual” view of the world that had been seen in earlier cultures. The Archaic Period (roughly identified as the years between 600-500 BC) was a period of intense transition from the ‘old’ world styles of flattened figures and animorphed images combining the figures of animals and humans in different ways for different meanings to the ‘new’ world styles which included more humanism in expression and optical experience reflected in the art forms. These changes from the strongly Egyptian influenced archaic to the more natural influence of the classical can be traced through the various changes in vase decorations and in sculptures...
4 Pages(1000 words)Essay

Ancient greece

The unraveling of the unknown criminal’s identity forms the crux of the story. The plot is muddled by conflicting accounts and double images. In the end, Oedipus finds out the sad truth about himself: that he has killed his own father; that he is both husband and son to Jocasta, and; that he has sired not only his sons and daughters but also his brothers and sisters. The unraveling of the true identity of Oedipus, an identity that turns out to be multiple, viz. father, son, husband, and brother, is a conflict of “the one and the many” that characterizes this Sophocles’ tragedy.
The “one and the many” conflict is initially established when the death of King Laius, the first husband of Queen Jocasta and the previous king of Theb...
4 Pages(1000 words)Essay

Financial Crisis in Greece

... in that it takes more time to restructure the financial statements. This calls for a restraint on how to compensate the members. Effect on options for financing debt Quitting of Greece from euro zone will hinder it from funding debts. It has little potential to pay the debtors. This is because it initially had to join eurozone to be able to pay its debtors. Similarly, the financial institutions in today’s world face the same problems. Their rush to merge with other institutions in order to accumulate more capital turns out to be a setback if the other institution withdraws. Conclusion The exit of Greece is an immense loses to the other members of euro zone (Lorca-Susino 18). This makes euro zone state search for an initiative to maintain...
2 Pages(500 words)Admission/Application Essay

The Fact about UK Chocolate Market

Chocolate is the UK’s favorite impulse snack. Consumer’s eating habits and lifestyles are constantly changing as people due to busy life schedules depend mostly on chocolates and short snacks to make up for missed meals. Even though few have concerns and awareness about sugar and fat in chocolate, they regard it to be an affordable daily treat. Women play a major role in the chocolate market as they are the largest purchasers of chocolates either for home consumption or for giving the gift. The most remarkable fact about the UK chocolate market is that people over 55years of age consume chocolate worth 700 pounds every year, which accounts to be 21% of the total chocolate consumption.

For a new chocolate bra...
9 Pages(2250 words)Case Study

Everything That Rises Must Converge by Flannery O'Connor

“Everything That Rises Must Converge” is about a mother and a son, whose thoughts are different. The mother thinks from the heart but the son does it from his mind. She sticks to the racist past, romanticizing slavery and taking pride in the glory of owning hundreds of slaves. The son, though brought up as a racist, considers guilty of his mother’s actions and thinks that his education has impacted the quality of equality and justice in him. Both represent two worlds, the Old and the New. When both meet, the relationship is filled with tension and is turbulent leading to a shocking end in the death of Mrs Chesterton.
“True culture is in the mind, the mind," he said and tapped his head, "the mind." "It'...
10 Pages(2500 words)Coursework

Bad Habits of Young Teenagers in the UK

Among many families in the United Kingdom, one family over two consumes alcohol, or smoke or even are into drugs which definitely have an impact over the child. However, only parents’ influence does not limit to the contribution of the teenager have such habits, but also to there is peer pressure, television advertisements and they want to try something new that always crop into the mind of the child and managing in persuading him to make use of these products.

Smoking can be classified as a cigarette, seed leaves smoking and many other diverse products that have adverse effects on the health of a person. Cigarette smoking among teens has been on a sharp increase recently and it was initially triggered for reasons...
6 Pages(1500 words)Essay

The Understandability of Financial Statements

An accounting conceptual framework has been defined by AT Foulks Lynch as a “coherent system of interrelated objectives and fundamentals that should lead to consistent standards that prescribe the nature, function, and limits of financial accounting and financial statements.” (Christopher J Pyke, page 1)i
In 1989 IASB published its framework for the preparation and presentation of financial statements. The framework is not a standard. However, IAS 1 (Presentation of Financial Statements) converted many ideas of the framework as instructions for entities. The framework of IASB suggests that fair presentation of financial statements may also be stated as providing a ‘true and fair view’. These are Europe...
8 Pages(2000 words)Assignment

How a Newborn Is Affected by Maternal Plasticity

But this does not intend to scare parents though because it was stressed that the attachment process is about building a relationship, it means connecting ties of affection and regard and bonding with the child before birth, and attaching with him after birth (psychologytoday.com). This, I believe is one of the social perspectives of parental attachment. From a different perspective, however, it is said that our human brain constantly develops throughout time, striving to connect with stimulation from the environment through its neurons that constantly communicate through mutual situations (Cozolino, 2006). Our brains are believed to be a highly social organism that in the brain system’s architecture and development througho...
6 Pages(1500 words)Essay

How Developing Economies Are Impacted by the Global Financial Crisis

The global financial crisis which started from the United States emerged
because of the diversified risk, in which the supply of capital to real economies is reduced as a result of freezing up of capital markets and the collapse of financial institutions.
Before coming to the current financial global crisis, knowing how a crisis occurs is also important. An economic crisis is simply known as the decline in economic activity for a few months in an economy. The typical measure which shows the decline in the activity of the economy is the decline in Gross Domestic Product or a negative real economic growth rate. When a recession remains for a longer period, it is known as economic depressio...
20 Pages(5000 words)Research Proposal

Transportation of Cargo the UK and Greece Corridor

...Transportation of Cargo – the UK and Greece Corridor Introduction – a Bird’s Eye of View of Various Related Factors Before identifying and elaborating on the most appropriate means of transporting cargo from the UK to Greece, it is imperative to be taking a glance at all the related key aspects such as various modes of transportation & costs involved and relevant risk factors, etc. Over the years, the European Zone has been witnessing an alarming rise in instances such as traffic jams and congestions, etc, resulting primarily from a rapid rise in freight being transported by road. To counter this unpleasant scenario where heightened vehicular flow on the roads has become the order of the day, the authorities have been launching many...
9 Pages(2250 words)Case Study

Economics: Public Utilities

The degree of capital intensity simply put is the ratio of the total money value of the equipment as compared to the total production output potential. Generally, capital intensive industries give a very high rate of return which in turn generates very high profits. The higher rate of return and profits leads to very high re-investment into these industries. The benefit of higher capital investment is that the industry can equip itself with better and more hi-tech equipment and essential tools and this use of advanced technology, in turn, leads to higher productivity. These industries possess the power to generate much higher profits which leads to a higher standard of living.

On the other hand capital, intensive indust...
7 Pages(1750 words)Assignment

How Counterinsurgency Operations Differ from Regular Wars

Today the United States of America along with allied forces of other countries is fighting a war against terrorism in the ruthless terrains of Afghanistan. The situation has forced military analysts to look into the new techniques of counterinsurgency. Different strategies have been laid out by different experts regarding countering insurgencies. Counterinsurgency is defined as military action against the insurgents, who are fighting against an established government, in order to protect the authority of the government. Counterinsurgency operations are more difficult than other operations as the damage has to be contai...
7 Pages(1750 words)Coursework

EU Law: Direct Effect, Indirect Effect and State Liability

The doctrine of direct effect is a principle that has been by the European Court of Justice and not is the EC Treaty. The development of the doctrine was done in a series of judgments. The doctrine is simple terms means that subject to satisfaction of certain conditions, rights and obligations which are created by EC law, may be relied upon by individuals and can be enforced in their national courts.

The doctrine developed in Case 26/62 Van Gend en Loos v. Nederlandse Administratie der Belastingen2, the Court found that the Treaty was more than an international agreement; it introduced a ‘new legal order’, which had its own institutions as well as legislative powers, thereby granting rights and obligation...

9 Pages(2250 words)Assignment

How Successfully Has the British Government in Running the British Economy over the Last Two Years

There were several issues confronting the British government since the time of the financial crisis, which had lead to the collapse of some of the largest banks in the nation. Government deficits had also increased considerably during that time and the situation of employment was worse than ever. The project tries to make an analysis of the steps taken by the British government in combating such serious issues. It also tries to gauge the extent to which the programs have been effective in mobilizing the British economy.

One of the major policies undertaken by the British Government in the last two years was fiscal decentralization. The government has taken steps to ensure that improvement is made in the country’s...
7 Pages(1750 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The EU has stipulated that in order to receive financial support Greece must privatise public assets. Advise Greece on the experiences of the UK's privatisation programme, and how they can avoid the errors of the UK's experience for FREE!

Contact Us