terça-feira, novembro 20, 2012

ANA privatization should ignore Eurostat

It's good to see so much interest in the sale of ANA Aeroportos, with various bidders,  Vinci, Fraport and Flughafen Zurich and others

From an economic  rather than an accounting perpective ,  the national accounting treatment by Eurostat is just that "accounting", when what really matters is the "economics" of the deal, getting a good price from a good strategic partner.  

So the Government  should basically ignore Eurostat and take its time to make a good business deal, even if that takes more time and goes into 2013. 

Eurostat accounting treatment is precisely what allowed the accumulation of exessive public sector liabilities.  
It is a poor guide to good public financial management .