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Saturday, June 20, 2015

Fairfax CEO calls on Greece to remove uncertainty, clinch debt deal

By Euan Rocha TORONTO (Reuters) - The head of Fairfax Financial Holdings , which bet on the success of a turnaround in Greece last year, urged the country to reach a deal with its counterparts in the euro zone on Friday and remain a part of the currency bloc. "My message is get a deal done, as removing uncertainty for Greece will be a major positive and it will drive a recovery in the Greek economy," Prem Watsa, the chief executive of Fairfax and a well known contrarian investor, told Reuters. Fairfax last year became a key player in the bailout of one of Greece's largest lenders, Eurobank Ergasias , after it bought a 13.6 percent stake in the bank.


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