Greek Bondholder Japonica Keeps Faith as Morgan Stanley Wavers
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As Morgan Stanley strategists give up on Greek sovereign bonds, there’s at least one investor who says he’s determined to ride out the storm.
Paul Kazarian, the founder of Japonica Partners & Co., is unruffled by a standoff between Greece’s government and the organizations behind the country’s bailout loans. He’s actually becoming more optimistic about Greece’s future, saying the current turmoil is caused by a deliberate short-term cash crunch, and the longer-term debt picture is more positive.