© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Ignore the Greek Spectacle at Your Peril, Investors Warned
Posted 17th June 2015

Ignore the Greek Spectacle at Your Peril, Investors Warned

The Greek government seems determined to leave the Euro - and investors should not ignore the noise coming from Athens.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Ignore the Greek Spectacle at Your Peril, Investors Warned
Image

Ignore the Greek Spectacle at Your Peril, Investors Warned

The Greek government seems determined to leave the Euro – and investors should not ignore the noise coming from Athens, warns the boss of one of the world’s largest independent financial advisory organisations.

However, a properly diversified global investor has the least to fear.

The comments from Nigel Green, founder and chief executive of deVere Group, come as it is reported that the European Commission is braced for a “state of emergency” in Greece, ahead of Thursday’s deadline meeting of euro-area ministers.

Mr Green explains:  “This Greek saga is about to reach its climax and investors should not ignore the growing noise coming from Athens.

“Syriza’s increasingly defiant tone strongly suggests that Greece’s government is quite determined to leave the euro.  It seems Athens now firmly believes that it is better not to blink in its negotiations with the IMF and the Eurozone institutions, and to be thrown out of the Euro as a result, than it is to stay in the Eurozone and have to reform the economy.

“It would appear that Prime Minister Alexis Tspiras’ desire for power outweighs his desire for his country to remain in the Eurozone.  He will be aware that if he bends to the austerity demands he will lose credibility, the hard-line left of his party will breakaway, and it is likely he would lose power.”

 Mr Green continues: “All this is of fundamental importance as it is driving Greece further and further towards the Eurozone exit door.

 “A ‘Grexit’ (Greek exit) matters for investors because although it is unlikely that many individuals have high exposure to Greek equities or bonds, it will send shock waves throughout global capital markets.

 “Once the principle that a country can leave the Euro is established, investors will demand a risk premium on other highly indebted Eurozone countries.

“This volatility will impact on many investors’ returns. With this in mind, investors might wish to review their portfolios after Thursday’s crucial meeting between Greece and the Eurogroup of finance ministers.

 “However, as savvy investors will be aware, the investors with the most diversified portfolios stand to lose the least. Geopolitical events like this highlight the need for multi asset investing, across regions and asset classes, as a way of diluting the impact of such events.

 “It’s the last chance saloon for Greece on this issue and investors will be waiting and should be monitoring the situation carefully.”

Categories: Leadership


You Might Also Like
Read Full PostRead - Eye Icon
How to Set and Achieve Your Business Goals
Leadership
27/04/2020How to Set and Achieve Your Business Goals

The ability to set and reach goals within your career is an important part of success in business. As a business leader, you need to be able to help others create and achieve their goals as well as your own. However, even the most ambitious and capable people

Read Full PostRead - Eye Icon
Streamlining Your Online Payment Process: A New Era of Online Transactions
Finance
30/03/2023Streamlining Your Online Payment Process: A New Era of Online Transactions

When discussing streamlining, we mean ways to make your payment transactions more convenient. The number one benefit of streamlining is to make your customers happy, as they will be able to pay quickly and efficiently.

Read Full PostRead - Eye Icon
Gattai Minoli Agostinelli, White & Case And Facchini Rossi Advise Cvc On The Acquisition Of Recordat
M&A
13/07/2018Gattai Minoli Agostinelli, White & Case And Facchini Rossi Advise Cvc On The Acquisition Of Recordat

The law firms Gattai Minoli Agostinelli & Partners, White & Case LLP and Facchini Rossi & Soci have advised funds managed by CVC Capital Partners in relation to the acquisition of a controlling stake in Recordati from the Recordati family.

Read Full PostRead - Eye Icon
A Customer Centric Attitude Towards Cyber Security
Innovation
09/08/2022A Customer Centric Attitude Towards Cyber Security

SecurityHQ is a Global Independent MSSP that detects and responds to threats, instantly. As your security partner, we alert and act on threats for you.

Read Full PostRead - Eye Icon
CEO of the Month, USA: Michael J. Mardy, Tumi
Leadership
28/10/2015CEO of the Month, USA: Michael J. Mardy, Tumi

Tumi is a leading, global, premium lifestyle brand whose products offer superior quality, durability, functionality and innovative design.

Read Full PostRead - Eye Icon
How to Leverage AI for Smarter Marketing Strategies
News
20/05/2024How to Leverage AI for Smarter Marketing Strategies

How to Leverage AI for Smarter Marketing Strategies Today’s business landscape is ultra-competitive and constantly changing. Marketing Managers like Padraig O’Connor agree it’s important to leverage AI to stay ahead. Businesses are competing

Read Full PostRead - Eye Icon
An Inside Look at AI’s Most  Outstanding Strategic  Communications Team
Strategy
26/06/2017An Inside Look at AI’s Most Outstanding Strategic Communications Team

As the head of strategic communications firm Sharon Merrill Associates, Maureen Wolff has received more than her share of 3 a.m. phone calls from anxious CEOs and board members. And she remembers every one of them. The arson at a document storage facility.

Read Full PostRead - Eye Icon
At the Heart of Europe’s Cardiovascular Research Scene
Corporate Social Responsibility
06/02/2024At the Heart of Europe’s Cardiovascular Research Scene

Founded in 2012, the European Cardiovascular Research Institute (ECRI) was established for the purposes of serving as a collaborative effort for European nations to undertake investigator-initiated cardiology studies.

Read Full PostRead - Eye Icon
Is It the Best Time Ever to Switch Your Bank?
Finance
10/03/2015Is It the Best Time Ever to Switch Your Bank?

Competition within the UK current account market continues to be strong according to new analysis.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow