The move to convert the Hellenic Corporation of Assets and Participations S.A. or 'Growth Fund' into a 'National Investment Fund' is "meaningless without first restoring national sovereignty over public assets," the opposition PASOK-KINAL party said in an announcement on Friday, issued in response to the appointment of Black Rock FMA to provide advisory support for the transformation.
It also noted that the GrowthFund's management should be appointed by Parliament with an enhanced majority, as proposed by PASOK-KINAL.
The party criticised ruling New Democracy for not only failing to abolish laws passed by SYRIZA that "mortgage public wealth for 99 years" but actually passing laws that transfer additional responsibilities and more public assets to the GrowthFund.
"So, it is obvious then, given that our country is not under enhanced surveillance, that these commitments must end in the interests of development and social cohesion," PASOK added.