What the EU Court of Auditors found was that, even though the public were paying €1.5 billion for cost overruns, they were also providing investors with returns of up to 14 per cent.
“Our public air services are safe, efficient, and they deliver tremendous value. It’s simple – the public model works. It’s not clear what problem the government is trying to solve with its privatization push." — Michelle Gawronsky, MGEU President
The Chinese government recently announced that they are taking control of Anbang due to insolvency, alleged corruption, and fraud.
Despite election promises, "we have seen a steady erosion of funding that's putting services at risk. That’s not what Manitobans want and it’s not what the Premier promised them.” — Michelle Gawronsky, MGEU President
"The Sask Party may have a new leader, but it’s still trying to make people pay for its costly mistakes by cutting services that families rely on.”—Bob Bymoen, President of SGEU
Even though Medavie administers over $1 billion in public funds, financial reports are not made public.
"Is the trend toward privatizing health care services in the public interest?" — Karen Jackson, PEI UPSE President
The Ontario Public Service Employees Union (OPSEU/NUPGE) urges the public to show its love for public plowing by joining the Twitter rally on February 14.
For governments, trying to transfer the risk of delays in construction or cost overruns to the private sector with a P3 privatization scheme is like gambling in a casino. You might come away a bit richer, but there’s a much, much better chance you’ll lose money.
“If we can’t trust grocers to sell bread, why should we trust them to act responsibly when it comes to the sale of a controlled substance like alcohol?” — Warren (Smokey) Thomas, OPSEU President