Greek Postal Privatization    The New York Times reported last
month that the Greek government is trying to sell half of its
money-bleeding Hellenic Railways to the French. Unfortunately
for the Greeks, Hellenic Railways suffers from a lot of the same
problems the U.S. has with Amtrak (as we pointed out) and thus
finding a buyer will be difficult. The USPS inspector general
recently noted that the Greek government plans to sell 39
percent of its national postal service, Hellenic Mail. From the
article: The important information here is that the European
Union, despite delays, is moving toward de-nationalization of
its member nations’ postal operations. This means postal
operators will be subjected to competition. Unfortunately, there
hasn’t been any interest in Congress or the administration to
entertain ideas like privatization or subjecting the USPS to
competition despite its grim long-term prospects.