Qatar's Greek bailout could pay strategic dividends too. The decision by one of the Gulf state's many investment vehicles to inject 500 million euros into newly formed lender EFG Eurobank, via a mandatory convertible bond, came as a surprise.
But the investment looks characteristically opportune, and Qatar's support for troubled banks in the euro zone may not end there.
Paramount is relatively unknown - simply described as representing the interests of Qatar's royal family. It looks like just another one of the many entities used by the country to channel its investments.
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