Bloomberg: Elections at a time. What will happen to Greek banks

Elections within a year in Greece "see" hedge fund manager, Kyle Bass, who "wins" that our country will experience a dramatic political change.

Indeed, he, speaking on Bloomberg TV on Friday, said that the elections in Greece would trigger a rally in the assets of the country.

Bass, who has established Hayman Capital Management, owns Greek bank shares, which today, he says, are traded at a quarter of their book value.

What goodwill can we get out of Greece? According to Bass, and as things develop as he thinks, bank stocks can multiply the money of those who trust them as they only trade between 25% and 30% of their book value and experience from Portugal, Ireland or Spain shows that they can recover more than 100% of their book value.

It is noteworthy that last month, in an article he wrote about the Bloomberg View column, he disagreed with the IMF's demands on Greece, noting that the International Monetary Fund "ravaged the country in a disorientated attempt to get its money back."

But Bass estimates the Greek economy - which has the highest unemployment rate in the Eurozone - is starting to show signs of recovery. At the same time, in the next two years, he expects that some major privatizations will be launched in Greece.

The investor argues that Greece and the Greek government have gone through a very difficult situation in recent years, as they "do not have their own currency".

"Greece is at the mercy of the troika," he said. "The European Union and the IMF have lent so much money to Greece in order to keep the EU united. The good news is that the IMF has now reached a better agreement with the EU. Imagine an economy that starts now after 8 years crisis to show the first good samples and the macroeconomic indicators start to look promising. I believe that there will be a change in the next 18 months, from the current to a more center-right government, but it will be financially independent. We will see the banks doing the right moves.

In Greece, political leadership will change in the next few years, as was the case in Argentina when the "steering wheel" was taken over by someone who focuses on business and the economy. This will be done in Greece with Mr. Mitsotakis in the next 2 years ".

Here's the video with the interview: