Prem Watsa offered a glimpse of what the future may bring to Eurobank in the speech he gave this morning before the group’s CEO Christos Megalou and 300 executives of the bank.

Mr. Prem Watsa began his speech by saying “Good morning.You have a great Prime Minister” demonstrating his faith in Antonis Samaras, the Government and Greek economy. During his speech, Prem Watsa stressed that Fairfax is interested in a long-term investment in Eurobank, as he believes that the Greek economy has more potential than the Irish.

Fairfax CEO reiterated that he has absolute confidence in the administration of Mr. Christos Megalou and dubbed Eurobank “the most private bank in Greece.”

Recently, a group led by Fairfax Financial Holdings became the anchor investor in Eurobank’s 2.8 billion share capital increase. Watsa appears confident in the success of the project with Eurobank.
It should be noted that the new Board of Directors will include two executives of Fairfax Holdings Group as well as Wilbur Ross.

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