Foreign investors concerned about growth rate, Greek stocks

Institutional investors who attended 13th Annual Greek Roadshow in London last week appeared concerned at the prospects of the Greek economy and the current picture of the Greek stock market.

They told representatives of local lenders that growth must be bolstered and stagnation left behind so that banks can start issuing loans again and their revenues from interest payments improve, which would lead to a recovery in earnings. Analysts say banks' failure to display dynamic progress constitutes a significant obstacle blocking the recovery of both the stock market and the credit sector.

Greece urgently needs measures to restore sustainable economic growth, ING warned in a recent report. However, the prospects are not bright, with Deutsche Bank noting that the chances of a positive surprise in the recovery of the Greek economy appear very slim due to the lack of any strong...