Alpha Bank AE ADR (ALBKY)

[PlayInTheGreen]

ALBKY is bottomed out. The new deal between Greece and the EU was a tough one but none the less, Greece is still in the EU and rolling with the euro.

The restrictions in the austerity measures were both negative and positive.

The limitations placed were a positive, Greece can't dig itself further into the hole, they can only build a ladder and climb out. Taxes are inevitable regardless of where a person lives in the world they have to pay
some form of tax, they have been raised
Which is the biggest negative but necessary.

Rates need to be dropped and adjusted for current loans so people can afford to pay rather than default. Lending has slowed tremendously which is always a double edged sword.

I recently went to Greece and their tourism industry has not faultered, people from all over the world were visiting the mainland and the islands.

Now we wait and see what happens, time is on my side.