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Early recovery means higher tax revenues, lower recapitalisation needs for the country's banks and increased confidence, which will fuel interest from investors for Greece's privatisation projects.
These twin failings meant that any new contract, public or private, was bound to lead to unacceptable price rises.One observer of privatisation projects, Michael Rouse of the International Water Association, sums up the issue: "There have been successes with public/private partnerships, and there have been failures.
As the government's hugely controversial education privatisation projects have gathered pace - the outsourced education market is already worth £2.5bn - a relatively new corporate beast has reached maturity: the public-sector outsourcing firm, ready to snap up contracts everywhere from education to criminal intelligence, prisons to defence.
The new government has already pressed ahead with cancelling major privatisation projects, including of the two main ports of Piraeus and Thessaloniki.
The Athens Stock Exchange fell by 8% in response to Mr Tsipras's remarks, and as it emerged that his government was putting on hold major privatisation projects, including the port of Piraeus and the main power company, the Public Power Corporation of Greece.
The Athens Stock Exchange fell by 9% in response to Mr Tsipras's remarks on Wednesday as it emerged that his Syriza-led government was putting on hold major privatisation projects, including the port of Piraeus and the main power company, the Public Power Corporation of Greece.
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In 2005, the consultancy was embroiled in controversy over a failed water privatisation project in Tanzania.
Transferring HMCTS, which is responsible for all court staff and buildings in England Wales, would be a massive privatisation project.
Another sector constantly facing government crackdowns for disproportionately high salaries is the rail industry; a failed (and virtually abandoned) privatisation project.
May's intervention on Thursday came as the Conservative-led Surrey police authority voted to withdraw completely from the £1.5bn "business partnering programme" with the West Midlands force – the largest police privatisation project in England and Wales.
A health privatisation project has transferred 300 Cornwall Council and NHS staff to British Telecom.
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