Fatigued Investors Want Draghi to Buy Greece Before They Do
- Government promises quick conclusion of pending bailout review
- Investors are skeptical on reforms as companies make pitches
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Michel Danechi isn’t buying the Greek turnaround story just yet.
As Greek business leaders and government officials presented to investors last week in London a list of reasons why valuations of the country’s assets make them attractive, Danechi’s Duet Asset Management took note. But what he wants to see is for Greece to show it can make good on pledges made to euro-area creditors so it can be included in the European Central Bank President Mario Draghi’s quantitative easing program.