BlackRock: Greek Economy is resurgent, investments unlocked
- Written by E.Tsiliopoulos
According to the Financial Times, global investment management corporation BlackRock has issued an upbeat analysis on a series of the continent’s nations — including the one that has grappled with some of its biggest problems: Greece.
BlackRock describes the country as “resurgent”, and argues that its successful return to financial markets after a review of its third bailout “will unlock significant investment demand”.
Chris Colunga, co-manager of BlackRock’s Emerging Europe PLC, points out that Greek debt could “eventually” qualify for inclusion in the European Central Bank’s bond-buying stimulus policy, “providing the government with a lower cost of debt and reassuring investors”.
Along with a pick-up in economic growth, it means Greek banks could move away from doubts about their solvency, says Mr Colunga.
He identifies “room for substantial improvement” for Athens-listed financial stocks, which are looking cheap compared with their peers.
Related items
-
Turkey under the microscope of the US Congress: Severe criticism for authoritarianism, persecution and rights violations
-
Giannis Antetokounmpo became... John Travolta in Grease for an advertisement for a company he's invested in
-
Germans are looking for Greeks for work - This is the profession that is becoming increasingly popular
-
Foreign Minister's demarche to Kiev regarding the sea drone in Lefkada: It could have caused innocent casualties, such actions are not justified
-
Esteemed actor Angelos Antonopoulos dies at 94
Latest from E.Tsiliopoulos
- Turkey under the microscope of the US Congress: Severe criticism for authoritarianism, persecution and rights violations
- Giannis Antetokounmpo became... John Travolta in Grease for an advertisement for a company he's invested in
- Germans are looking for Greeks for work - This is the profession that is becoming increasingly popular
- Foreign Minister's demarche to Kiev regarding the sea drone in Lefkada: It could have caused innocent casualties, such actions are not justified
- Esteemed actor Angelos Antonopoulos dies at 94
