BUSINESS

Japonica Partners investment firm gives Greece a score of A+

Investment firm Japonica Partners on Tuesday launched its "Greece is A+" campaign with a full-page open letter in major publications worldwide addressed to public policy makers in Athens, Brussels, Frankfurt and Washington, D.C.

"Greece has accomplished one of history's most extraordinary sovereign fiscal rejuvenations, an A+ performance," Japonica Partners said.

"Now is the time to progress beyond the current economically irrational and anachronistic accounting that obfuscates that Greece merits an A+ credit rating and government bond interest costs below 5 percent. Now is the time to recognize that this accounting is the single biggest and most easily removed obstacle to extraordinary growth in Greece. And, now is the time for public policy makers to expeditiously advocate accounting as well as presentation that reflects economic reality, improves decision-making, and increases accountability," the open letter said.

"Greece has advanced to 1st place from last place in only five years on two of the most important fiscal performance indicators, an accomplishment that most believed was impossible. Greece is now ready to repeat its extraordinary performance with extraordinary growth," the open letter added.

Paul B. Kazarian, founder, chairman and CEO of Japonica Partners, is due to discuss macroeconomic and investment topics, including the "Greece is A+" campaign, at the 24th annual The Greek Economy Conference in Athens on December 2-3 organized by the American-Hellenic Chamber of Commerce.

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