Firms assure their investors they are turning a corner

By Anestis Dokas

The heads of international investment firms engaged in numerous contacts with their counterparts at listed Greek groups last week to get a firsthand evaluation of the three-day plunge experienced by local stocks and bonds.

Kathimerini understands that the calm views of Greek entrepreneurs prevailed, as they stressed that the market was only reflecting international funds’ concerns regarding a possible relaxation of the fiscal policy that would delay the country’s recovery after six years of recession.

The main question posed by the international investors was whether this heightening in the political risk could affect their investments. The Greeks responded that their companies are gradually emerging from the recession, and that the third-quarter results, which will start being announced early next month, will reflect the return of many firms to an operating profit and a drop in their bank obligations.