Spiros Latsis

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Spiros Latsis in 2011

Spiro J. Latsis (Greek: Σπύρος Λάτσης; born 1946 in Athens) is a Greek businessman with a fortune of US$2.6 billion . He ranked 464st on Forbes's 2012 World's Billionaires list. He is the son of the Greek shipping magnate, John Latsis, who died in 2003.

The family's largest holding is its EFG Bank European Financial Group in Luxembourg, a banking conglomerate with two main banking holdings that operate in many jurisdictions. The Group holds over 40% of EFG International listed in Switzerland.

Spiro Latsis graduated with a PhD in philosophy from the London School of Economics. The Latsis family fortune, managed by Spiros Latsis, includes more than 30% in Hellenic Petroleum, a major petroleum player in Southern Europe, through his ownership of Paneuropean Oil and Industrial Holdings S.A.. The Latsis group also controls Lamda Development, a real estate group based in Athens. Lamda Development projects include The Mall Athens, which opened in 2005, and Golden Hall Mall, also in Athens.

Latsis invited the President of the European Commission, José Manuel Durão Barroso, who had been a student friend at the London School of Economics, to be a guest on his yacht a month before the Commission approved €10.3 million Greek state aid for Latsis' shipping company; but the approval had been given by the previous European Commission, before Durão Barroso had succeeded to its presidency.[1]

However, the Spanish newspaper La Clave showed that MEPs were mistaken in their search for clues. The Barroso Commission directed effectively made a recommendation to the Council in favor of the interests of Spiro Latsis, saying it was urgent and essential subsidize the construction of an oil pipeline owned by him. Recommendation officially registered, which was written a few weeks after the holidays Barroso on the yacht of the Latsis. In 2006 Mr. Latsis received an honorary doctorate from Witten/Herdecke University in Witten, Germany.

Businessman Spyros Latsis is the second wealthiest Greek alive, ranked at #51 on the 2006 Forbes list of the world’s richest people. However, the tycoon took a big hit amid the country’s recession, with stocks of his EFG International, EFG Eurobank, Lamda Development and Hellenic Petroleum all falling significantly in 2011. He is now ranked at #464 of the list, with his fortune estimated at about 2.6bn euros, down from 7bn in 2006.[2]

Publications

  • Latsis, S. Situational Determinism in Economics The British Journal for the Philosophy of Science 1972 23, pp. 207–45
  • Latsis, Spiro J. Ed. Method and Appraisal in Economics Cambridge University Press 1976 ISBN 0-521-21076-3
  • Latsis, S.J. The role and status of the rationality principle in the social sciences in Epistemology, Methodology and the Social Sciences R.S.Cohen & M.W.Wartofsky (Eds) Dordrecht: Reidel 1983

See also

Notes

  1. ↑ . In 2005 the British MEP Nigel Farage requested that the European Commission disclose where individual Commissioners had spent their holidays. The Commission did not provide the information requested, on the grounds that Commissioners had a right of privacy. The German newspaper Die Welt reported where and when Durão Barroso had spent his holiday.
  2. ↑

External links

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