Reasons for PE´s
absence as an investment vehicle
Legal regime-Management rationale of pension funds§Complex legal regime
§Asphyxiating control
§Interest-free deposits of their reserves until the
beginning of the 1990s
Development perspective for PE market in Greece (developing positively)§Structure and incentives for creating PE funds
§Legal regime governing mergers & acquisitions
§Entrepreneurial environment
§Corporate taxation(35% compared to 28% in the EU)
Greek economy development model
§Lack of entrepreneurial incentives
§Role of the State
§Competition
§Policy priorities
Idiosyncrasy and culture 17