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Consensus no more: how a wave of municipalisations in Europe is challenging privatisation

A wave of privatisations made its way from the shores of Britain in the 1980s to reach a tsunami on Europe’s shores in the 1990s, western as well as eastern. Former state monopolies in “strategic sectors” were privatised to encourage innovation, promote economies of scale, reduce public debt, attract foreign direct investment and improve productivity.

Source: New Europe