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Greece Not An Investment Destination Anymore

Greenfield Capital InvestmentGreece is considered to be extremely risky by most greenfield investors due to the current economic and political turmoil tantalizing the country, according to the Financial Times.
“Greenfield investment into Greece has all but ground to a halt as the country teeters on the brink of bankruptcy and flirts with ejection from the Eurozone. The militantly socialist rhetoric of the ruling SYRIZA party and erratic behavior of the Greek government throughout its debt crisis have inevitably damaged Greece’s credibility as an investment destination,” journalist Courtney Fingar wrote for the Financial Times.
Investment in GreeceAnd she continued highlighting the country’s serious financial downgrade: “But prolonged economic difficulties had already placed Greece into a category its government and many of its citizens would reject: that of ’emerging market,’ as classified by index provider MCSI, which downgraded the country from ‘developed market’ status in late 2013.”
According to Fingar’s report, corporate investors cannot find the three basic elements they are seeking for in Greece anymore. The Greek society’s inexistent elements this period of time are stability, predictability and growth. A data service of the Financial Times has recorded only 4 greenfield investment projects during 2015 with the total capital expenditures being estimated at around $13 million.
The writer noted that throughout 2014, there were 19 projects of $583 million, while in 2013, Greece attracted 36 projects of $3.47 billion. It is also mentioned that last year was the first time since 2005 that the greenfield capital investment dropped below the $1bln mark.

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