In Greece, the challenge of transforming the public sector

by time news

2023-05-17 19:45:18

At least 29 people were killed and 85 others injured in a collision between two trains near the Greek town of Larissa on the night of February 28, 2023 SAKIS MITROLIDIS/AFP

DECRYPTION – The painful period when the European “troika” imposed a policy of austerity is over.

The terrible train collision that killed at least 57 people in Greece in February “tragically reminded us that we must repair the infrastructure” of the country, recognizes Gregory Dimitriadis. This quadra trained in England and the United States, passed by the private and in the high ministerial spheres, directs the young Greek sovereign fund, baptized Fund for the growth (Growthfund, HCAP according to its institutional acronym, in English). HCAP has no stake in the rail company Hellenic Train involved in the February disaster.

It was privatized under the Tsipras government. But the sovereign wealth fund holds a portfolio estimated at nearly 7 billion euros, in the form of stakes in eighteen public or privatized companies which employ 30,000 people. These operate in energy, transport (airports, Athens metro and bus, Corinth Canal, etc.), real estate, post or the 5G network. One of the objectives pursued by Dimitriadis…

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