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Exactly. Let the investors and banks that allowed them, eat the losses. That’s what privatization is. Risk.
Unfortunately, commercial interests in the governments ear will try to say that it will cost them as they will get less for future provatisations. Good. If they are not commercially viable, don’t do them. They forget in that argument that they may get more but they would be on the hook for more later to clean up similar messes.
Yep, bankruptcy and let the state or a cooperative buy the assets, not the liabilities.
Exactly. Let the investors and banks that allowed them, eat the losses. That’s what privatization is. Risk.
Unfortunately, commercial interests in the governments ear will try to say that it will cost them as they will get less for future provatisations. Good. If they are not commercially viable, don’t do them. They forget in that argument that they may get more but they would be on the hook for more later to clean up similar messes.