Economy
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Public shares are being sold in HELLENiQ ENERGY - How will we exploit the deposits and pay off our debt?

The employees of HELLENiQ ENERGY are on the rails after the sale of public shares which has two huge consequences:  

Α. The inability of the Greek state to control decisions, since the public shareholding has fallen below the percentage (33.33%) of the statutory minority.  

Β. In the planned hydrocarbon extraction, the country will not be able to control the exploitation of hydrocarbons, since a private party will probably buy the entire majority stake.

This will have the enormous consequence of not collecting the huge sums of money that our country will receive, with which and only with which it will be able at some point in the future to pay off the largest percentage of the Greek debt of 300 billion euros that we owe, much earlier than the terrible period of 99 years.

The Greek governments over the years have, for example, denied the right to mine gold, precious metals such as bauxite, Iron Nickel with the imminent sale of LARCO, sold the PPC etc., when the country will soon be full of photovoltaics, losing the possibility of having gold-bearing sectors that would have brought us out of the economic quagmire.        

This is clearly a premeditated plan by foreigners to sell off our national property, with the aim of having us economically enslaved not for 99 for but 400 "slaves".

 

Below is the workers' statement:

"On December 12, 2023, the sale of shares of HELLENiQ ENERGY was completed, where the share of the Hellenic Fund was reduced from 35.47% to 31.18% and the share of Paneuropean (Latsis' interests) from 47.12% to 40.41%.
Reasonably and as we had pointed out in time for the problematic nature of this apparent action, several questions arise.

 

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- Why were 13 million Treasury shares sold €0.50 cheaper?

    - At the Extraordinary General Meeting on 28 December, the State, which sold 4%, will lose one representative (from 4 to 3) on the Board of Directors of HELLENiQ ENERGY. Paneuropean, which sold 7%, how many representatives will it lose and who will replace these seats?

    - Now that the State's share has fallen below 32%, i.e. below the statutory minority threshold, how will the Government and the opposition be accountable to the Greek citizens for this action and their apathy respectively, in view of announcements of exploratory mining and in the midst of an energy crisis?

    - At a time when the State has received over the last decade (in the midst of a crisis) about 1 billion in revenues, what incentive was there and possibly still exists, to sell at this time and receive only 93 million euros?
    - Why did the government enacted by law (5047/2023) the law of non-prosecution for the members of the Board of Directors of the Hellenic Fund? And why did the Public Asset Development Fund hire special consultants (Goldman Sachs, JP Morgan), assigning them, among other things, criminal responsibility?

- The government and the opposition are aware that with this divestment they have lost key rights of national energy policy, price interventions and the coverage of social needs (donations to schools, nursing homes, neighbouring municipalities, outlying areas, etc. ), as the Group consists of Refineries, Gas Stations, Renewables, Electricity, Gas, Electricity, Electrification, Petrochemicals, etc.?It is now obvious that the Government is proceeding to "paying off bills" by selling national wealth for a plate of lentils. On the other hand, the opposition as a whole, starting from the left and ending on the right, is demonstrating with its attitude its non-existence and lack of political will on all issues.

Ultimately, our fate as workers and as Greek citizens is in our own hands. For this reason, we have called strikes as follows : 19, 20, 21 and 28 December 2023 and from 2 January to 6 January 2024", she concludes.

The oil workers union will go on strike on December 19, 20, 21 and 28, 2023 and from December 19, 20, 21 and 28, 2023 and from January 2 to January 6, 2024, but essentially it is just a mere noise in the ears of the rulers.

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