ECONOMY

Mobius: No risk in state asset sales

Greece should not be afraid to sell state assets to foreigners, as it means that they will stay in the country and get taxed here. “It will only have to gain from them,» said the emerging markets fund manager at Franklin Templeton Investments, Mark Mobius, in Athens on Monday.

Speaking to reporters, Mobius also revealed that his group has got 41 Greek enterprises in its sights in the sectors of banking, retail commerce, gaming, property management and technology.

Mobius expressed his optimism about the country’s fiscal progress, saying the trend is positive: «If the government continues its reforms, in the next few years Greece will enjoy high growth rates,» he said.

In reference to the credit sector, Mobius argued that after the mergers local banks are in much better shape and have notable assets abroad, while expressing no concern regarding the increase in non-performing loans.