Up to the Greek gov't, parliament to create conditions for investments, growth, says hedge fund manager

It is up to the government and the parliament to form consensus on major issues and create the appropriate conditions that will unleash the entrepreneurial spirit of the Greeks, that will attract investment and increase employment, American hedge-fund manager John Paulson told a Greek paper in an interview published on Sunday.

	Up to the Greek gov't, parliament to create conditions for investments, growth, says hedge fund manager

“It’s up to the government and the parliament to agree and create the appropriate environment which will unleash the entrepreneurial spirit of the Greeks that will generate investment, growth, employment and rising living standards,” the investor was quoted as telling the paper.

Paulson, who five years ago was selling Greek bonds betting on the country’s bankruptcy, has invested 1 billion euros in the recent recapitalization of Greece’s lenders, and appears willing to invest more money if reforms in favour of the market continue. He also expressed his satisfaction with the measures taken by the movement and described Prime Minister Alexis Tsipras as a “skillful political leader”.

The investor also stressed that reforms and a restructuring of Greece’s debts go hand in hand.

“Now that the storm has passed, we start to see small openings in the clouds. But for the sun to shine the government must complete the course of reforms and especially passing the social security and tax reforms through Parliament, to implement the planned privatizations, implement all actions agreed and complete satisfactorily the first [program] review,” he noted.

If Greece continues the “right policies”, he continues in the interview, it may end up with the fastest growing economy in Europe in 2016 and 2017 and the financial market the largest profits in Europe in 2016.

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