Investment is not a given

COMMENT

Investor confidence in Greece is not something that can be restored overnight. There are many who put their money into Greece and lost it as a result of the developments that transpired in the past 18 months.

The expected conclusion of talks with Greece’s creditors ahead of the country’s bailout review and the recent announcement that some kind of debt relief is on the cards have certainly helped improve the climate somewhat.

International investors, however, are now waiting for tangible proof that this government is indeed open for business and will be friendly toward entrepreneurship.

It is a mistake to think that just because Greece is a paradise for tourists it is the same for investors. That is not at all the case. Its reputation has been badly marred, it has a lot of competition from other countries that offer great opportunities and it will take a lot of time for Greece to rebuild the good name it started to have at the end of 2014.

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