While Poul Tomsen is tormenting us over here, the international markets are making different preparations and considerations.
According to Greek bankers from the City in London, the climate for Greece is enthusiastic, with the executives of large investment firms and capital disregarding the troika’s objections and doubts.
On the contrary, they treat Greece like a dynamic market emerging from the crisis with a lot of opportunities and profits to offer. That is why they are preparing investments, speak openly with Greek bankers and businessmen and overall do not have any reservations, since they consider the dangers manageable, if not limited.
This has been confirmed by the rating agencies, which accept the estimations of the Bank of Greece for the limited capital needs of Greek banks, rejecting the troika and IMF’s estimations as surreal.
It is indicative that in London they already believe that the Alpha Bank and Piraeus Bank capital increases will be successful and that even the diminished Eurobank can easily collect the 3 billion euros for its recapitalization.
In London they believe that Greece returning to the markets is a safe bet.
Analysts and market experts explain that the conditions are ideal for Greece, after achieving the great fiscal consolidation. They can’t explain why Columbia borrows with a 3.5% rate over a decade, while Greece remains excluded or is being punished with a 7% interest rate.
Mr. Tomsen may be giving rearguard battles in Athens, demanding everything from the collapse of the domestic dairy production to the dilution of olive oil with seed oils, but the City of London – to which he swears allegiance every morning – emphatically disproves him.
The message from London is that Greece is becoming ideal for investment once more, with opportunities laying ahead it is a matter of the land’s political leadership to take advantage of circumstance, to unbind itself from the troika and finally rid itself from the compulsions of its abusive, for the Greek people, employees.
The following days will be critical. They may become interesting if the arguments are submitted and the negotiations go beyond Poul Tomsen’s obsessions.
TO VIMA
