Greek Leaders Meet with Saudi Prince for Aid

As European leaders openly disagree over whether Greece will get further financial aid, the country’s prime minister has turned to Saudi billionaire Prince Alwaleed bin Talal for investment.

Greek Prime minister Antonis Samaras met the Saudi prince, who has large stakes in Citigroup and Apple and is ranked 26th on Forbes’ rich list, in an attempt to discuss investment opportunities.

Greece is looking to sell assets including utility companies, Athens’ international airport and two of its main ports. The country is also looking for investments in several real estate developments which could interest the prince, who is the part owner of luxury hotels in London, New York and Paris.

Greece has been accused of dragging its feet on privatization. A government official who declined to be named played down Alwaleed’s visit, however, telling Reuters: “It was a customary visit, there is interest in investing in Greece.”

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza