The PD’s privatization drive is running out of steam as elections approach

The PD’s privatization drive is running out of steam as elections approach. “They are unpopular with the unions and politicians who see state companies as a source of jobs and favors to hand out,” said Stefano Micossi, an economics professor and director general of Assonime. “There is enormous resistance from the PD and also inside the government.” Reuters reports, “the Post Office, whose top management was changed by the Treasury this month, declined to comment on whether privatization would go ahead this year. The state railways is supposed to spin off its high speed and long distance train businesses by July with a view to selling them by the end of the year, but has still not named the advisers for the spin-off.”