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David...Thanks for the update. I agree. Greece is starting to compete with Ukraine for the country with the greatest upside coupled with the most chaotic political environment. Curious what Paris, Michael and Vassilis think is likely to happen in Greece on the political front in the next 90 days. Happy New Year to all.....Jim Slattery

-----Original Message-----
From: David C. Wittig [mailto:davidwittig@me.com]
Sent: Monday, December 29, 2014 5:47 PM
To: Hunter Biden; Ed McKechnie
Cc: Slattery, Jim; Paris Kokorotsikos; Vassilis Sotiropoulos; Davis C. Wittig; Michael A. Karloutsos
Subject:

Gentlemen,
The election for a President in Greece was lost by the incumbent party and new elections will be held on January 25, 2015.
From a practical standpoint, this means that anything to do with the government will come to a halt.
For us, this means another delay in the privatization of Trainose. I will attempt to get a sense on timing, but my guess is that we are looking at a one or two month delay.
The only risk that I see is the re-opening of the bidding. The best way to avoid this is to have our bid ready to go and our group well defined.
I am going to Bucharest to meet with the Romanians on January 13th. I want to outline exactly the roles and financial commitments that are expected from each party. I plan to discuss with them the role of the Chinese. I have also had preliminary conversations with the Qatari’s, who are very interested in commercial real estate development, which could fit nicely with the need to build a full logistics network.
We should plan on meeting the 20th (I recall this was when Ed arrives in Athens). I suggest everyone stay at the Grand Bretagne. It is a block from the office. Your other choice is the Hilton.
I am available anytime for a call if necessary.
Happy New Year.
David


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