Home Economy Political risk in Greece is reduced to zero – six fund managers speak with “K”

Political risk in Greece is reduced to zero – six fund managers speak with “K”

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Political risk in Greece is reduced to zero – six fund managers speak with “K”

A clear signal to the international investment community that the political risk in Hellas was reset to zero and that the reforms will not only continue, but also accelerate, broadcast the results of the national elections in Greece.

“Many in the market expected New Democracy to be independent in the second election, but now the extent of its electoral appeal strongly supports the fact that the political risk has all but disappeared,” explains Apostolos Tamvakakis, President and CEO, in an interview with “ TO”. , EOS Capital Partners. “The scale of self-sufficiency excludes the possibility of serious risks associated with political events in Greece. Thus, the belief that the next four years will be better for Greece, which was shared by some market participants, is now strengthening and expanding, increasing the appetite for investment risk-taking on the part of both Greek and foreign funds,” adds He. “Combined with the investment grade recovery now approaching, and until an exogenous shock occurs and the country’s macroeconomic performance continues to improve, Greece will be on the radar of more foreign investors,” he said. that in addition to strengthening the New Democracy, the weakening of official opposition also leads to a decrease in resistance to the government’s reform program.

Nikos Karamouzis, Head of SMEremediumCap, President of Grant Thornton.

“We are facing structural change in the country as even low-wage workers show through their voices that they believe a more liberal economic model makes sense for them,” said Nikos Karamouzis, head of SMERemediumCap and president of Grant Thornton. . “This is a clear reform mandate that is certainly good for the markets,” he adds, adding that “the result reinforces much-needed stability for investment funds.” In the end, “the leader of the New Democracy has received widespread support due to the positive results of his government in the economy, as well as the positive prospects that he can provide.”

Tasos Astifidis, CEO of Ambrosia Capital.

It looks like the country is ready to enter a virtuous economic cycle. All negative scenarios are now excluded.

“Greek voters have shown politicians that if they do their job right, they will get their support,” says Tasos Astifidis, founder and CEO of Ambrosia Capital. “The country appears to have nearly a decade of political stability ahead of it, and with the expansion and acceleration of the reform agenda by the business-friendly government, Greece could become a hub for growth in foreign direct investment as well as portfolio investment.”

Chris Ezopos, President of the Institutional Investor Association and CEO of Alpha Trust.

Full confirmation of Greece’s irrevocable European orientation, with Greek voters lining up behind the lines of those who seem capable of convincingly leading it the next day, away from petty partisan skirmishes that could take place in a coalition government, gives a clearer picture. about is an investment message to international markets, according to Chris Aesop, president of the Institutional Investor Association and CEO of Alpha Trust. The result of the election “unlocks the reluctant foreigners,” always provided, of course, that New Democracy can generate strong self-confidence in the upcoming re-elections, he characteristically notes. For the president of the Union of Institutions, political risk is virtually eliminated for the next four years as conditions of stability and security are created, one of the most important conditions that international investors look for in a destination.

Alexandros Argyros, Senior Managing Director, Head of Investment Banking at AXIA Ventures.

Alexandros Argyros, Senior Managing Director and Head of Investment Banking at AXIA Ventures Group, characterizes the election results as confirming an extremely positive scenario for the international investment climate in Greece. “The new democracy has shown that it encourages investment, and now it will be strengthened, sending a clear positive signal at the international level,” he says, adding that in addition to the success of ND. “The negative narrative of the official opposition has also collapsed.” Like other leading market professionals, Alexandros Argyros also talks about zeroing out political risks associated with Greece, which was one of the reasons why many foreigners remained cautious. “All negative scenarios are now excluded, and the new government will be able to act without “tied hands” from any kind of inevitable compromises of the coalition government,” he said.

Vangelis Charatsis, President and CEO of BETA Securities.

“The result of the election, if confirmed in the second round, marks the start of a four-year cycle of a pro-investment state program in the absence of political risk and puts the country on the last leg of the path to investment grade and return from entering mature markets,” estimates Vangelis Kharatsis, founder , President and CEO of BETA Securities. And since Greek market valuations are low compared to the European average, they are expected to soon make up the difference and return to the levels of the European average where they were before the start of the Greek debt crisis.

Author: Ilias Bellos

Source: Kathimerini

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