Bittersweet fudge

11 November 2003 By Rob Cox

Given the difference between the E5.5bn proceeds and the market prices of the shares, the government appears to have taken a big hit. That s the good news: while selling to KfW is clearly a fudge, the government is at least showing resolve in getting its finances in order.

This content is for Subscribers only

To access full content you must be a subscriber. Please use the following link to request a trial.


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)