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Piraeus Bank gives its share in the PSI as a present to the Greek government

15 December 2011 / 20:12:50  GRReporter
5191 reads

According to Lazaridis, the privatization campaign in Greece remains an unused advantage. There is significant response to it by the international community that, according to him, can attract new investors and not only for the specific program. Privatization investment will unburden inefficient public sector enterprises and deserted property and will also attract additional capital which will strengthen the overall private sector. Tax rates for large stock investments in Greece are attractive, says Lazaridis, which was confirmed by the President of Invest in Greece Aristomenis Sougros. What stops foreign investors from engaging and investing in major projects in Greece is the cumbersome judicial system that does not provide for quick solutions to disputes.

 

Tags: EconomyMarketsBanksGreeceCrisisFace value reduction of Greek government bonds
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