US News
Page 1 of 2 | Next PageShow Entire Article
Don't 'Waste a Good Crisis' in Greece: Market Pro
CNBC.com | May 10, 2012 | 08:20 AM EDT
There's still opportunity for investors in Greece—as long as they exercise caution, the managing director of investment holding company iGroup told CNBC Thursday.
Anastasios Economou took a rarely heard positive stance toward his home country and told "European Closing Bell" that businesses should not "waste a good crisis" in Greece. There are still investment opportunities and a highly skilled and cheap labor force to be had in his home country, he said.
"If you can use the local labor force and produce products and/or services for abroad there is an extremely qualified personnel that you can hire very cheap here and most of them are UK- or U.S.-educated, so that is a very strong point."
He also believes there are stock market opportunities for the cautious and spoke about the current trade in the country.
"As long as there is some government stability and liquidity in the system, I do think that the system and businesses here [in Greece] are about to thrive," he said, adding that "even in a country with a crisis, there is an opportunity for the careful investor."
Speaking from Athens on the political instability and lack of coherent government in Greece—he called the weekend's elections the "worst possible outcome" for the country—he said that though the Greek people had rejected austerity measures, they were not rejecting Europe.
Page 1 of 2 | Next PageShow Entire Article
Tidak ada komentar:
Posting Komentar