BlackRock: Greek Economy is resurgent, investments unlocked

5 October 2017
757 Views

Global investment management corporation BlackRock has issued an upbeat analysis on a series of the continent’s nations — including the one that has grappled with some of its biggest problems: Greece.

The asset manager describes the country as “resurgent”, and argues that its successful return to financial markets after a review of its third bailout “will unlock significant investment demand”.

Chris Colunga, co-manager of BlackRock’s Emerging Europe PLC, points out that Greek debt could “eventually” qualify for inclusion in the European Central Bank’s bond-buying stimulus policy, “providing the government with a lower cost of debt and reassuring investors”.

Along with a pick-up in economic growth, it means Greek banks could move away from doubts about their solvency, says Mr Colunga.

He identifies “room for substantial improvement” for Athens-listed financial stocks, which are looking cheap compared with their peers.

Source: FT.com

You may be interested

JOKER results: 21/11/2019
GREECE
shares12 views
GREECE
shares12 views

JOKER results: 21/11/2019

Panos - Nov 21, 2019

The winning numbers from the JOKER draw are as follows:

Abandoned 300-Year Old Venetian Village on Crete Turned into Tourist Resort
GREECE
shares356 views
GREECE
shares356 views

Abandoned 300-Year Old Venetian Village on Crete Turned into Tourist Resort

Panos - Nov 21, 2019

Áspros Potamós (White River in English) is a settlement in eastern Crete, in the regional unit of Lasithi, whose history…

The Highest-Valued Startups in the World
FINANCE
shares26 views
FINANCE
shares26 views

The Highest-Valued Startups in the World

Panos - Nov 21, 2019

According to analyst CB Insights, Chinese AI company Bytedance is the highest-valued startup – currently private, up-and-coming company – in…

Leave a Comment

Your email address will not be published.