Greece: The Greek Government sold HELLENIC SHIPYARDS (20 bn drachmae turnover in 2000 for a loss of 14 bn drachmae), the country's largest shipyard, to a consortium made up of Germany's HOWALDTSWERKE DEUTSCHE WERFT and FERROSTAL which agreed to take over the company's losses and inject 14 bn drachmae. This is the first privatisation of a national Greek company going to a consortium of foreign investors. This operation, moreover, opens the way to the privatisation of a majority stake in...