Talking to German newspaper ‘Borsen Zeitung’, Greek banker Michalis Salas expressed his optimism that Greece was now in a better position to pay off its debts to the ECB. During his visit to Germany in an effort to promote the Greek economy and attract foreign investment Salas met with politicians and business people and sent a message of optimism saying the Greek economic atmosphere had shown a slight stabilisation. The head of Piraeus Bank pointed out that Greek banks were returning to positive numbers with profits up, while non-serviceable loans were declining. ‘There was an improvement, especially after the bank recapitalisation’, he said, admitting however, that the red loans were still an issue. He said that US and UK hedge funds had indicated interest in buying out non-serviceable loans in comparison to continental funds. Salas singled out the areas of farming produce, real estate, trade and tourism as those that could interest foreign investors.