Thursday Jul 31, 2014 Search
Weather | Athens
32o C
25o 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)  
Russia may restrict Greek fruit imports
Greek retail sales drop 3.8 pct y/y in May
Euro bonds in seven-month surge as ECB boosts Italy to Germany
Greece may ignore EU and lower energy costs for business, says minister
Civil mobilization order issued in Jan 2013 lifted for public transport
A civil mobilization order issued in January 2013 to force public transport workers to return to their jobs in Athens after weeks of strikes has been rescinded. The decision, signed by Prime...
Tax official, accountant caught bribing 80-year-old over business closure
A tax inspector and an accountant were arrested on Thursday on suspicion that they had asked for a bribe to help wind up a company. The 80-year-old man registered as the firm’s manager infor...
Inside News
SOCCER
Goalless draw at Liege puts Greens in driving seat
Panathinaikos got the upper hand in the battle for entry to the Champions League playoffs after snatching a goalless draw at Standard Liege on Wednesday. If anything, the Greek cup holders m...
SOCCER
Greek league recruits former referee Dallas
Former referee Hugh Dallas has been appointed as the head referee of the Greek Super League, the Hellenic Football Federation (EPO) said in a statement on Wednesday. The 56-year-old Scot ear...
Inside Sports
COMMENTARY
Summer turbulence
High summer temperatures appear to have messed with the reflexes of officials at the top echelons of Greece’s power-sharing administration. A sense of anxiety has gripped the political syste...
EDITORIAL
Capital upgrade
After years of financial troubles, the city of Athens is finally buzzing with tourists. Despite some encouraging figures however, the Greek capital has not quite managed to become a destinat...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Civil mobilization order issued in Jan 2013 lifted for public transport
2. Tax official, accountant caught bribing 80-year-old over business closure
3. Disgraced ex-hospital director arrested after armed altercation with son
4. Roma man shot dead in Thessaloniki had long criminal record, says police
5. Cyber Crime unit helps avert suicide of young man
6. Employee of firm tasked with destroying contraband caught stealing it
more news
Today
This Week
1. Motorists refusing to pay tolls on Corinth-Kalamata highway to be monitored
2. Euro flows reveal shift in sentiment as losses mount
3. EU puzzles over emergency funds for euro area bank crisis agency
4. Greece may ignore EU and lower energy costs for business, says minister
5. Only 5 percent of stores see brisker business during this year's summer sales
6. Fake psychic caught in Thessaloniki after gaining 35,000 from victim
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
3. Defense Minister Avramopoulos to represent Greece at European Commission
4. Wine cup used by Pericles found in grave north of Athens
5. Front-line threats
6. Greece names fifth privatization agency chief in four years
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.