Sunday May 24, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Fairfax chief shows confidence in Greece and its government

By Yiannis Papadoyiannis

Fairfax Financial Holdings founder and chief executive Prem Watsa has expressed optimism to Kathimerini regarding the course of the Greek economy and said he was impressed by government efforts to improve conditions in the country.

The Canadian businessman said he and his firm were attracted to Greece by its opportunities and people, above all Prime Minister Antonis Samaras, who impressed with his dedication and resolve to reform the economy. Watsa also mentioned Eurobank Properties and Eurobank officials, adding that there are many entrepreneurs in Greece who are smart, hardworking and active and who will not stop until the country is able to stand on its own two feet again.

Regarding Fairfax’s involvement in Eurobank as a strategic investor, he said that his firm holds long-term objectives, believing that the lender will be one of the cornerstones of the Greek economy’s success. Watsa stressed that given the structure of the country’s economy, the domain of small and medium-sized enterprises, particularly outward-looking ones, could play a very important role in improving the macroeconomic climate.

Back in 2012, Fairfax bucked the trend and started investing in Greece, at a time when insecurity and concern regarding Greece’s future in the European Union were the order of the day. Watsa said that Fairfax invests in value and seeks out opportunities in places from which other investors choose to stay away.

As for future investment plans, he said that Fairfax will continue to look for good investment opportunities. He underscored that Greece’s future is bright as long as political stability is maintained so as to continue the implementation of reforms, and pointed to the recent sovereign bond issue as a sign of investors’ satisfaction with recent Greek reforms.

ekathimerini.com , Monday May 12, 2014 (23:50)  
Greece does not have the money to make June IMF repayment, warns interior minister
Hotel contracts with a ‘Greek default clause’
Listed firms have whisked away most of their cash reserves
Car sales drop a gear on VAT rate uncertainty
Greeks back government´s red lines, but want to keep euro
Cash-strapped Greeks remain supportive of the leftist government's tough negotiating style, according to a new poll published Sunday, but hope for a deal with creditors that will keep the eu...
SYRIZA seeks new relationship with police
After a rather rocky start in its relationship with the country’s police force, the leftist-led coalition appears to be seeking closer cooperation but without being too obvious about it. A f...
Inside News
SOCCER
Reds add Cup to league trophy with 3-1 win over Xanthi
Olympiakos completed a league-and-cup double on Saturday by beating Xanthi 3-1 in the Greek Cup final at the Olympic Stadium of Athens, that was more balanced than the final score suggests. ...
BASKETBALL
Olympiakos strolls past Korivos Amaliadas
Olympiakos completed the Basket League’s semifinal line-up on Saturday after sweeping Korivos Amaliadas with a 2-0 score in the best-of-three quarterfinals. After winning 91-52 in Game 1 at ...
Inside Sports
COMMENTARY
The good news and the bad
The good news is that a Greek default will most likely be prevented, a deal will be reached with the country’s creditors and an extension will be granted for negotiations over the next bailo...
EDITORIAL
Geopolitical threats
Greece needs to extricate itself from this crisis fast and get back on its feet, not least because the geopolitical climate is becoming increasingly stormy. The Balkan region is re-entering ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greeks back government´s red lines, but want to keep euro
2. Greece does not have the money to make June IMF repayment, warns interior minister
3. SYRIZA seeks new relationship with police
4. Solving islands´ water problems would take 66.4 mln euros, study finds
5. Reds add Cup to league trophy with 3-1 win over Xanthi
6. Olympiakos strolls past Korivos Amaliadas
more news
Today
This Week
1. Greeks back government's red lines, but want to keep euro
2. Greece does not have the money to make June IMF repayment, warns interior minister
3. The good news and the bad
4. SYRIZA seeks new relationship with police
5. Solving islands' water problems would take 66.4 mln euros, study finds
6. Geopolitical threats
Today
This Week
1. The Greek-German breakthrough that didn’t come
2. Conspiracy madness
3. Greece came close to not paying IMF
4. National self-awareness put to the test
5. Albanian demarche raises concerns about possible territorial claims over Greece
6. Greek endgame nears for Tsipras as bank collateral hits buffers
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.