Greece: From crisis to investment opportunity?

It may be early days for Greece, which only last month agreed a third bailout deal, but for some the beleaguered country is becoming an investment opportunity.

   Now is the time to invest in Greece, Francesco Starace, CEO of Italian utility Enel, told CNBC's Julia Chatterley on the side lines of the Ambrosetti Forum in Italy on Friday.

   It was a view shared by Italian Finance Minister Pier Carlo Padoan. "If you project Greece forward over the next five to 10 years, you will find if reforms are implemented, potential growth will go up, inefficiencies will go down, jobs will go up, confidence will be rebuilt," Padoan told CNBC at the weekend.

   "So it (Greece) is like an emerging economy in its upswing phase," he added. In return for an 86 billion euro ($96 billion) bailout from its international creditors, Athens has had to implement tough reforms such as cutting back on pensions and scrapping tax breaks for farmers.

   And in a sign that Greek risks have fallen back, yields on benchmark government bonds have retreated. The yield on a bond falls when its price rises. The yield on the 10-year Greek bond is trading at about 9 percent, down from 19 percent in July amid heightened concerns about the Greek debt crisis and a potential hasty exit from the euro zone.

Πηγή: cnbc.com