Prem Watsa’s bank in Greece, an offshore crude oil vessel and Venezuela.
Greek banks, including Prem Watsa’s Eurobank, received tens of billion euros from Greek tax payers during financial crisis. The least they could do, is allocate resources to the real Greek economy and help companies with real potential which struggled all these years from lack of financing.
Unfortunately, Prem Watsa’s financial institution allocates resources to crude oil vessels listed at offshore companies, such as “Respect”, located near Venezuela shores two weeks ago. While ships like “Respect” receive tens of million euros, Greek economy still struggles.
And of course financing of that scale, can only be directed from the main shareholder and not the local management. Prem Watsa. And this is something which must alert at least, ECB. Πρωτοσελιδα – Ειδήσεις