Bank of Greece calling investment funds

Friday, January 12, 2018
Bank of Greece calling investment funds
The governor of the Bank of Greece, Yannis Stournaras, met in London yesterday with representatives of large investment funds, even as Greece is feverishly plotting its return to the markets.

The meeting was held at the offices of Goldman Sachs, which is one of six banks advising the Government of Greece on its difficult path back to normalcy.

The meeting was attended by representatives of Soros Fund Management, J.P. Morgan Asset Management, Paulson & Co, Golden Tree Asset Management, York Capital, BlueBay Asset Management, Finisterre Capital LLP, King Street, Capital Fund Management, Attestor Capital, Standish Mellon Asset Management Company, Pharo Management, Al Breach, Graticule Asset Management, and H2O.

Stournaras discussed the outlook of the Greek economy and the assessment of the Bank of Greece on the next steps that must be taken.

He also discussed plans for bonds to be issued before Greece exits its current fiscal adjustment programme in August, 2018.

A key topic that was discussed is the upcoming stress tests for Greek private banks, as a number of the investment banks had in the past been among the major investors in Greek banks.