Canadian-Indian billionaire investor Prem Watsa, the founder and head of Fairfax Financial Holdings, attended Monday evening’s inauguration of an upscale resort in southeast coastal Athens, where he took the opportunity to extend kudos over the country’s robust economic turnaround and to the center-right Mitsotakis government.
The comments came with Greek PM Kyriakos Mitsotakis in attendance, who arrived immediately after his return to Athens from a lightning half-day visit to Israel and a meeting with his Israeli counterpart Benjamin Netanyahu.
Among others, Watsa said the biggest achievement of Mitsotakis and his government has been to persuade the Greek people that an investment-friendly and pro-business government can create benefits for the people.
He also called last week’s upgrade of Greece’s credit rating to “investment grade” by Standard & Poor’s as a milestone for the country.
The high-profile event inaugurated the “One & Only Aesthesis” resort in the seaside district of Glyfada, along the so-called Athenian “Riviera”, which aims to extend from near Piraeus southeast all the way to Cape Sounion.
Watsa’s Fairfax Financial Holdings has been a consistent institutional investor in Greece over recent years, including holding a major stake in ATHEX-listed Eurobank, one of four systemic banks in the country.
Mitsotakis’ statements at the same event can be found here:
Latest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted