Deals
Greek Fund Aims to Breathe Fresh Life Into Troubled Micro Firms
- Small, mid-sized businesses account for around six in 10 jobs
- Many have soured loans as a legacy from the financial crisis
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Nikolaos Karamouzis has honed his knowledge of Greece’s crisis-stricken economy over more than three decades in finance and perhaps sees investment opportunities where others fear to tread.
The former banker is putting together a fund to invest in some of the struggling small and medium-sized enterprises that still play a critical role in the Greek economy, providing six out of 10 jobs -- twice the European Union average. Many are weighed down by soured loans but Karamouzis believes some retain significant potential if money is targeted in the right places.