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

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.