EU privatization process has led to rise of lawless oligarchs in Greece personified by Putin crony Ivan Savvidis


Friend of Alexis Tsipras and Vlad Putin, oligarch Ivan Savvidis, stormed onto a football field in Greece with a gun when a referee declared a goal offside in a sign of the growing power of a clique of oligarchs and the collapse of law and order.

http://news.in.gr/english/article/?aid=1500205390

http://news.in.gr/english/article/?aid=1500205389

http://greece.greekreporter.com/tag/ivan-savvidis/

“Under the guise of performing a house-cleaning of the Greek economy, Brussels will continue to push the relentless privatization of assets that has afforded oligarchs like Savvidis the cover for quiet state capture,” says American Interest.

Excerpts from American Interest

Savvidis has become the loyal instrument of a far-Left government that climbed to power on promises that it would rein in such figures, but which has instead given them renewed license to flourish.
Savvidis has become the loyal instrument of a far-Left government that climbed to power on promises that it would rein in such figures, but which has instead given them renewed license to flourish.

This new crop of oligarchs has used Greece’s economic downturn to sweep up entire economic sectors, accumulating privatized state assets in everything from airports to gambling conglomerates to energy utilities. They have then converted this booty into political influence by buying up newly-auctioned swathes of the Greek media. Together, these new oligarchs have succeeded in carving up the crippled Greek state between themselves. In so doing, they have inadvertently underscored how Brussels’s fumbling attempts at forging a common foreign policy have been undermined by its own monetary programs.

Elsewhere in Greece, at the same time as Savvidis takes Thessaloniki, the consolidation of the state writ large by the new oligarchs proceeds apace, largely unquestioned. This generation of Greek elites is by no means dirtier than the previous one. But the crisis has given them extraordinarily free rein to take over, within the span of a few years and by European Union directive, what it typically took the previous generation of oligarchs decades to accumulate. With the exception of the port of Piraeus, which was sold off to the Chinese state last year for the equivalent of two weeks’ worth of debt relief, every major asset privatized since 2010 has fallen into their hands.

These vulture oligarchs, many of whom—Boris Mouzenidis, Victor Restis—were not even born in Greece, have exploited the crisis to pick off swathes of real estate and industrial sectors for pittances. The provenance of most of their capital is at best suspect, at worst blatantly illegal. Evangelos Marinakis, a Piraeus shipping magnate with suspected ties to the Greek underground, has now become a major media player.

Under the guise of performing a house-cleaning of the Greek economy, Brussels will continue to push the relentless privatization of assets that has afforded oligarchs like Savvidis the cover for quiet state capture.

https://www.the-american-interest.com/2018/01/05/new-greek-oligarchy/

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