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Betting on A Greek Recovery

  • Greece heading in right direction, political risk diminished
  • Country is very close to getting full bond market access
A woman unfolds a souvenir Greek national flag hanging outside a street vendor's kiosk in Athens, Greece, on Tuesday, Feb. 28, 2017. 
Photographer: Yorgos Karahalis/Bloomberg
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Prem Watsa is bullish on both Eurobank Ergasias SA and Greece’s economy.

After suffering losses of more than $600 million in the country since 2014, the 67-year-old chairman and chief executive officer of Fairfax Financial Holdings Ltd. says he’s even willing to consider expanding his exposure to Greece. He’s particularly confident about a turn in the fortunes of Eurobank, in which Fairfax has an 18 percent stake, making it the lender’s biggest shareholder.