ATHENS, Greece (AP) — Greece faces potential power outages as employees at the main power utility strike to protest the company's privatization, part of austerity plans essential for the country to avoid a default.
The utility’s powerful union said Monday that the outages could occur particularly at peak consumption times during the midday heat as people turn on air conditioning units.
The sell-off of state assets in the power company, known by its acronym DEH, is a major part of a €50 billion ($71 billion) privatization plan that must be completed by 2015.
The 48-hour rolling strikes comes as Greece’s new finance minister, Evangelos Venizelos, was meeting his eurozone colleagues for the second day in Luxembourg.
