Over the last 20 to 30 years, privatisation has become a world-wide phenomenon. This article explores the rationale for and changing nature of privatisation. In particular, it draws attention to the range of definitions of "privatisation" and the differing views on its effectiveness in providing improved services to consumers. The main focus of the artide is a study of the privatisation of the Public Power Corporation (PPC) of Greece. Examines why and how it was privatised and discusses its future as a private enterprise. It shows that the structure and operation of the privatised PPC and the liberalisation of the Greek electricity market were, and will continue to be, determined principally by the EU's commitment to free market competition. © Emerald Group Publishing Limited.
- European Union