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/BloombergThis article is for subscribers only.
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.