Calamos Supports Greece
GreekReporter.comGreek NewsEconomyBlackRock: Greek Economy is Resurgent, Investments Unlocked

BlackRock: Greek Economy is Resurgent, Investments Unlocked

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.
The asset manager 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.
Source: FT

See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!



Related Posts