The US investment firm BlackRock is considering putting a hold on plans to construct a 50,000-square metre mall in Athens due to long delays cause by Greece’s notorious bureaucracy. It is yet another sign of growing frustration from foreign investors after a Canadian mining group recently put a halt to their investment plans in Northern Greece.
It beggars belief that a country crying out for foreign investment can continue to drag its heels instead of doing all is can to make things simpler. While prime minister Alexis Tsipras continues to claim that the economy is on the up, it is some moronic MP’s in his SYRIZA-led government that are putting their ideologies before the good of the country.
BlackRock, founded in 1988, is a global investment management corporation based in New York.