Greece looking to bring in US investment

6 June 2013

Greece's alternate finance minister Christos Staikouras has declared "the worst is behind us" as the country attempts to bring in investment.

Mr Staikouras was speaking at the Greek Investment Forum in New York where he is attempting to drum up investment, BBC News reports.

Representatives from 25 firms, including the country's largest banks and energy companies, as well as Greek officials are in the US to try and persuade investors that it is the right time to put money into Greece.

Mr Staikouras said the Greek government had worked to make fiscal consolidation sustainable and it has implemented large structural reforms in order to restabilise the nation.

Greece must raise €9.5 billion ($12.5 billion) from asset sales by 2016 as part of its international bailout plan.

There was a good level of interest in New York, compared with last year's event. Some 400 potential investors registered, which is double what was achieved at the previous meeting.

By Claire Archer

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