Investors express optimism on Greece’s prospects

31 January 2016
912 Views

Foreign investors with interests in Greece expressed optimism on Friday to Prime Minister Alexis Tsipras regarding the Greek economy’s potential and prospects, as well as concern that if the country fails to fulfill its obligations to the eurozone it may face a dead end.

In the presence of Deputy Prime Minister Yiannis Dragasakis and Finance Minister Euclid Tsakalotos, Tsipras led a meeting with Prem Watsa (Fairfax Financial Holdings Ltd), John Paulson (Paulson & Co), Stephen Johnson (W.L. Ross & Co), Jon Haick (Brookfield Capital Partners Ltd), Samir Parekh (Capital Research & Management Company), Ben Watsa (Lissom Investment), Lawrence Chin (Mackenzie Cundill), Jamie Lowry (Schroder’s Investment Management), Daniel Pozen (Wellington Management Company) as well as Nikolaos Karamouzis and Fokion Karavias from Eurobank.

Fairfax chief executive Watsa said after the meeting that “we expressed our optimism for the long-term role of Greece within the eurozone and we reconfirmed our support for the prospects of the country. Fairfax sees significant investment opportunities in Greece, provided there is continued implementation of the necessary structural reforms in an environment of social and economic stability.”

Tsipras reportedly assured investors of the government’s determination to proceed with the necessary reforms, with privatizations and the creation of an attractive environment for investments. He also told them that the bailout review will be completed by end-March.

Sources told that the investors stressed to the prime minister that the completion of the review will have a major impact on the economy, therefore time is a crucial parameter, as the earlier it is completed, the faster the economy will recover, they said.

You may be interested

Coronavirus Greece: 842 new cases, 427 in Attica
GREECE
shares28 views
GREECE
shares28 views

Coronavirus Greece: 842 new cases, 427 in Attica

makis - Jan 26, 2021

The Greek authorities announced today 842 new cases of the new coronavirus, of which 13 were identified after checks at…

No side effects from vaccinations recorded in Greece, says Head of National Vaccination Committee
GREECE
shares23 views
GREECE
shares23 views

No side effects from vaccinations recorded in Greece, says Head of National Vaccination Committee

Panos - Jan 26, 2021

No adverse side effects have been recorded so far during the vaccination of the country's elderly citizens, said the Head…

Elon Musk launches 143 small satellites in space at the same time – New record
WORLD
shares26 views
WORLD
shares26 views

Elon Musk launches 143 small satellites in space at the same time – New record

Panos - Jan 26, 2021

Elon Musk’s SpaceX launched 143 small satellites simultaneously on Sunday, a new world record. The launch was carried out with…

Leave a Comment

Your email address will not be published.