Financials? Who cares about financials?
7? Really?
:P
25 May there are the elections for those who will be send to the European parliament and the elections for Mayors and regional governments(I hope google did an accurate translation in this one).
So until then the uncertainty about the governments stability continues. Fortunately from a stock market point of view, with a little more optimism (bonds are down compared to 20 days ago, so stock market and NBG are up).
Now in those elections everyone is expecting PASOK to get destroyed but keep it's consistency. The question is how New Democracy(main political power in the government) will do against SYRIZA(opposition). If they lose with a small difference, that will be good ot at least not bad news for shareholders. If they lose with a big difference or PASOK breaks, ....you don't want to know. If pasok breaks we could go for elections for new government. You really don't want to know ( $3 anybody?).
Financials are fine when talking about stock market of course and they could play a positive role moving the share price maybe back to $6, but for $7 or higher I believe it will take time and many positive (for the shareholders) news in the political arena or/and positive news from the market (upgrades for Greece from Moody's etc.)
What I write is JMO. And don't forget. I am a noob, not a stock guru!!!
