Wilbur Ross Says Greek Deal Will Prompt Political Change as Well

The deal to rescue Greece’s finances will prompt political changes that will be just as important for the nation’s long-term recovery, U.S. billionaire Wilbur Ross said.

“The deal will get done,” Ross said Monday in an interview on CNBC. “What’s maybe in some ways more important is I think there will be a change in the political situation in Greece.”

Ross said that he expects parliamentary leaders who opposed the bailout terms won’t continue in power very long.

Ross’s firm, WL Ross & Co., was among a group of investors that pumped 1.3 billion euros last year into Athens-based Eurobank Ergasias SA, one of the nation’s four largest banks.

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