Opportunities for Russia and China in Greek Privatization

Greece's eurozone partners are demanding that Athens accelerate sales of public assets and allow an independent agency, likely to be heavily influenced by Germany, to lead the privatization drive. There is a risk that Greece's ruling PASOK party could rebel against Prime Minister George Papandreou and eurozone austerity measures. But the more significant long-term issue is that Russia and China could use the privatization to snatch up strategic Greek assets.