‘Greek banks are safer’

Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented.

This is the opinion of Prem Watsa, chairman and CEO of Fairfax Financial Holdings, the country's largest foreign investor. The major shareholder of Eurobank and Eurolife, who also owns significant stakes in other Greek companies and has recently increased his exposure to Greece, explains why it is currently "arguably" better to invest in Greek banks than US banks.

Are you optimistic about the course of the Greek economy?

We trusted Greece many years ago and have remained committed to it through all the good and bad times. You are in an extremely good position, even if you don't realize it. You have been through very difficult times,...