Noted Greek-American financial expert John Calamos, Sr. said for Greece to recover from its crushing economic crisis that: “An open and free market should be created … an increasing private sector will extremely help the country to recover.” He made the remarks during an address at The Economist Conference in Athens.
He pointed out that “tourism can develop much more. Same with shipping and agricultural production, as these domains offer chances that shall be seized.”
Calamos posed a series of questions he said the government needs to answer: “Can somebody start easily a business in Greece? How can somebody take advantage of innovation if there is not possibility for a company to be founded? How can brain drain (the human capital flight) be dealt?”
In a recent interview with Greek Reporter John Calamos also spoke about the Cyprus crisis and recent EU policies. Watch the video below:
Calamos is Chairman, Chief Executive Officer and Chief Investment officer of Calamos Investments, the firm he founded in 1977, which he took public as Calamos Asset Management in 2004. A pioneer in investment strategies and techniques to help manage risk, Calamos has created a reputation for using investment techniques to control risk, preserve capital and build wealth for clients over the long term.
From its origins as an institutional convertible bond manager, Calamos Investments has grown into a diversified asset management firm with major institutional and individual clients in the U.S. and around the world.