In Greece, the challenge of public sector transformation

The horrific rail collision that killed at least 57 people in Greece in February "was a tragic reminder that we need to repair the infrastructure" of the country, Gregory Dimitriadis acknowledges. This quadra trained in England and the United States, passed through the private sector and in the high ministerial spheres, heads the young Greek sovereign wealth fund, called the Growthfund (HCAP according to its institutional acronym, in English). HCAP has no stake in the Hellenic Train railway company 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 that employ 30,000 people. These operate in energy, transport (airports, Athens metro and bus, Corinth Canal...), real estate, post office or the 5G network. One of the objectives pursued by Dimitriadis...

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