Gov’t to sound out next US ad­min­is­tra­tion at NY event

Kathimerini English - - Focus - BY ILIAS BELLOS

The 18th an­nual Greek In­vestor Fo­rum takes place on De­cem­ber 12 at the Metropoli­tan Club of New York, or­ga­nized by Cap­i­tal Link in as­so­ci­a­tion with the New York Stock Ex­change. Guest of honor at the event will be Wil­bur Ross, se­nior fi­nan­cial ad­viser to the new pres­i­dent and fu­ture sec­re­tary of com­merce.

A siz­able sec­tion of Greece’s cabi­net will be at­tend­ing the event, in­clud­ing Econ­omy Min­is­ter Dim­itris Pa­padim­itriou, his al­ter­nate Alexan­dros Har­it­sis, Al­ter­nate Fi­nance Min­is­ter Gior­gos Hou­liarakis, En­ergy Min­is­ter Gior­gos Stathakis and Tourism Min­is­ter Elena Koun­toura.

Be­sides Ross, a con­sid­er­able num­ber of US eco­nomic and in­vest­ment com­mu­nity mem­bers will also be present. Among the for­eign in­vest­ment banks ex­pected to par­tic­i­pate through the pres­ence of their of­fi­cials will be Gold­man Sachs, Deutsche Bank, BNP Paribas, Citi, UBS, Credit Suisse and Bank of Amer­ica Mer­rill Lynch.

Fur­ther­more, rep­re­sen­ta­tives of sev­eral for­eign in­vest­ment funds, ei­ther in­volved in in­vest­ments in Greece or in­ter­ested in par­tic­i­pat­ing in the man­age­ment of non­per­form­ing loans, will be at the Metropoli­tan Club on De­cem­ber 12, among them Apollo Man­age­ment In­ter­na­tional, Black­Rock, Fortress In­vest­ment Group, York Cap­i­tal, Oak­tree Cap­i­tal and of course WL Ross & Co.

In­ter­est­ingly, Cap­i­tal Link will hold a din­ner in honor of Ross on the evening of De­cem­ber 12 at the New York Yacht Club. The or­ga­niz­ers will honor 78-year-old Ross – one of the main share­hold­ers of Athens-listed lenders Eurobank and Bank of Cyprus – for “his ex­cep­tional con­tri­bu­tion to Greece.”

At the same fo­rum last year, Ross had openly asked Athens to rapidly im­ple­ment the en­tire bailout agree­ment, to strengthen in­vest­ment ex­pen­di­ture, to lib­er­al­ize the la­bor mar­ket, to in­tro­duce mea­sures to bol­ster ex­ports and tourism, among other things.

Be­sides Greek en­trepreneurs and banks, the fo­rum will also be at­tended by the Euro­pean Cen­tral Bank co­or­di­na­tor for Greece Francesco Drudi, Euro­pean Com­mis­sion mis­sion chief for Greece De­clan Costello, the head of strat­egy of the Euro­pean Sta­bil­ity Mech­a­nism, Ni­cola Gi­ammar­i­oli, and rep­re­sen­ta­tives of the Euro­pean Bank for Re­con­struc­tion and De­vel­op­ment, the Euro­pean In­vest­ment Fund and the Euro­pean In­vest­ment Bank.

Wil­bur Ross will be the guest of honor at the Greek In­vestor Fo­rum or­ga­nized by Cap­i­tal Link in New York on De­cem­ber 12.

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