A wave of privatisations made its way from the coast of Britain towards the Continent in the 1980s; gaining momentum after the fall of the Berlin Wall, privatisations became a tsounami hitting the shores of Europe in the 1990s, east and west. Former state monopolies in “strategic sectors"  were privatised for all sorts of reasons: to encourage innovation, promote economies of scale, reduce public debt, attract foreign direct investment and improve productivity. Privatisation was now conventional...

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