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Athens Stock Exchange Chairman Socrates Lazaridis on the state of the Greek economy and the investment opportunities in the country.
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Well leaders from the Athens stock exchange.
At two western joins us now with Socrates plaza -- is the chairman of the Athens stock exchange in this Fox Business exclusive it to -- actually.
Cheryl thank you very much and subcommittees thank you for joining us today com.
So why let's get right into this why should people invest in Greece we've seen the pictures we see the people rioting in the streets week.
Here daily.
-- explanations of -- -- Greece is about to drop out of the Euro this doesn't seem to be a very friendly investing environment.
Persuade me that it is.
Of -- first of and I must mention of that.
Foreign investor flows never abundant good critics look at things they have been quoted in more than 50%.
Over -- -- them might look -- the latest from.
Of the Greek.
-- it.
And this is is seeing good to see when of gloom of confidence.
On the other -- commuting -- through that crisis period.
And house you we're.
Or the crisis.
In this book market than most of the prices.
In the real estate business and any -- -- -- the -- has -- decrease in these creators seem reasonable to -- I must say in terms of mischievous sense that they know that that.
That knowledge base that Mike Gupta -- QG -- plans to send food to those -- to get and if competitively European -- it is.
Sixth I am no live of the European office.
But there is a real -- an -- we'll talk about this every day that Greece is not going to be able to pay back all the money of those that it will ultimately be forced out of the eurozone and go back to the drop -- So any investments that are put in now.
-- going to be devalued by that much what would Jesus say to that.
-- -- I believe that.
Base flows for destructive -- Destructive discussion -- has taking place.
Mainly before the elections you know this is something that we don't hear from -- potential investors that the vision thing conference the fixings.
The -- of much more than systems late edition of the caught me and -- have -- repeat of Greece to remain in you and what -- as they have to mention is that we conclude they don't believe.
Lease this and I do all fixing thing you.
Neither the government known mineralization.
So.
For us of the critics particularly.
Thoughtfully and thus received have been a number of big investors.
Have been increased in 2000 -- And they have surpassed the four -- which will do the usual excluding the last five years.
In order to get the next round of financial aid from the international creditors you have to meet some very strict austerity measures.
How is like going and is it possible given that the economy's really not growing because you -- to make so many cuts.
Gives you but -- From -- stake -- resolution.
That we have to we have picking up to now we have seen important results.
They -- course has covered downside the fleet fruits.
Of what can cause.
Those using the previously gave.
-- shall live effectiveness of their live of course.
He's no when you -- and if it could and competitive.
That either.
Cost compliments for the production Ohio have -- reviews through the -- becoming.
So vehicle between the critical printing division of the -- Economies and going up and these he's giving.
They -- opposed to the -- between.
Who.
Gold defends the steps of the though -- but the Greek people.
Appear on this side of the Atlantic to be very upset them what -- going through is that is that unfair picture of what actually is going on in Greece.
When you -- the you gotta fight that and you have -- to find the solution this is the way that we are approaching.
The problem and.
Lastly -- you here.
To promote Greece and all the investment opportunities -- -- From what we understand is islands for sale there's an airport as many many different opportunities what kind of interest have you had so far.
First of voting it was important pieces fist investment -- Because you have.
The opportunity.
Presenting with.
We've been imprisoned of people who but additional -- To come amid come and openness towards.
He's supposed to supply position and on the other hand who have -- and -- pin number oil flow and monitors.
Came to me there's confidence that they intimidate confidence that they -- -- for investors to invest -- an English.
So we have cut the opportunity to explain giving leases and -- as well at least possibly visit good mention.
Well we wish you the very best of luck Socrates I was -- -- -- -- is so with the Athens stock exchange the chairman himself.
A good -- on the -- -- very good luck for your country we wish you the very best thing justly.
