Absolut neoliberalism.TAX REFORM AND PRIVATIZATION privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned continue on the march in Sweden, where the parliament, captured by Fredrik Reinfeldt's centre-right coalition last year, approved the sale of six major public companies June 20. The biggest property on the block is Telco giant TeliaSonera, but other prizes include top Scandinavian bank Nordea, the OMX OMX Office Max (stock symbol) group of stock exchanges, a real estate company and a mortgage lender. Most famous of the six abroad is V & S Group, the state distiller, which manufactures Absolut Vodka vodka (vŏd`kə), traditional spirituous drink of Russia, the Baltic states, and Poland; it is now consumed internationally. The best vodka is distilled from rye and barley malt, but the cheaper corn and potatoes are commonly employed. . The boozemaker alone is expected to fetch at least $5.3 billion, and the hoped-for total yield from the sell-off Sell-Off The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the value of the security. Notes: A sell-off may occur for many reasons. is $39 billion, an amount to be applied directly to the still enormous Swedish public debt. |
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