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> Economy

Paulson: No more investments in Greece until a President is elected

The US billionaire said that the best course of action is to avoid elections until June 2016

Newsroom December 2 01:22

In his address at the 16th Annual Capital Link Invest in Greece Forum in New York, US billionaire John Paulson , founder of Paulson & Co., a New York-based investment management firm that owns over 5% of Eurobank and EYDAP SA, sent a warning message to Greece.

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More specifically, Mr. Paulson underlined that it is still too early for national elections, noting that political uncertainty has caused a drop in Greek financial market and shares, while new investments have been put on hold.

The US billionaire added that the best course of action is to avoid elections until June 2016 in order to give time to the current policies to yield results.

He also announced his intentions to make more investments in Greece, providing that political stability returns to the country.

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