Business | Daily | Tourist

Investors feeling Greece after the Radical Left SYRIZA took power, fearing its anti-austerity plans will shake the Eurozone, are making the wrong bet.

That was the assessment of Nobel Prize-winning economist Robert Shiller who said the anxiety and overreaction has driven down Greek stocks, making them a bargain.

“Investing in Greece right now just might not feel right,” the Yale University economist said. The price of Greek stocks is ’’below anything I’ve seen in the US and suggests a spectacular investment,’’ Shiller said, the Bloomberg news agency reported.

Shiller, who won the Nobel Prize in Economics in 2013 for his modeling of asset-price fluctuations, said that while the situation in Greece is challenging for investors, the stock price of Greek companies failed to reflect their earnings potential.

Greek bonds and stocks fell for a second day on  Jan. 27 over worries SYRIZA will clash with the Eurozone and threaten a delayed 7.2-billion euro loan from international lenders.

“You can’t free yourself from the prison of the zeitgeist unless you become a smart beta person and start mechanically doing investments that don’t sound right,” said Shiller.

The post Nobel Economist Says Buy Greek Stocks appeared first on The National Herald.

Source: The National Herald
Share it now!
Who We Are

GQS acts as an “information representative” providing a variety of accurate and authoritative analytics and responses About Greece. Our field of expertise ranges from simple Daily Life questions related to Tourism or the History of Greece, up to large Business related projects such as Economic Research, Human Resources Selection or Real Estate Services.

Find out more

Contact Us

Are you interested in obtaining any kind of information about Greece?

Let us help you!

If your requirements go beyond simple services and you want specialized information, you will receive a detailed email for any charges.

  • Weather

    October 23, 2017, 9:23 am
    real feel: 15°C
    current pressure: 1010 mb
    humidity: 87%
    wind speed: 0 m/s N
    wind gusts: 0 m/s
    UV-Index: 1
    sunrise: 7:41 am
    sunset: 6:37 pm
  • Currency