National Bank of Greece ADR (fka NBGGY)

[Alpha Investor]

I see no indication that Tsipiras has any intentions of changing his tune or coming to any reasonable terms of negotiations. The creditors flat out want the weakest link in the Euro chain out as I am certain they see these bailouts as an ongoing issue. They clearly have no initiative of responsibility and want to perpetuate their lazy lifestyle paid for by the EU.
Expectations are even with cap controls banks are leveraged out and will likely begin to run out of cash very shortly; I'd say about 7 to 10 days from now. Tsipiras also is entirely ill prepared for even a Greek exit. It is absolutely stunning to see the Greek govt take this issue so lightly they are on the brink of economic collapse. I think we'll see riots in and about the same time there is no cash flow to the ppl. Once the ATMs run out of $ and the banks are closed/out of $ it will not take very long for ppl to get violent.

VERY VERY VERY FOOLISH!!! One way or another Greece should be preparing for what's coming. Let this be a lesson to all nations that deficit spend their way to oblivion; PIIGS, Japan, Argentina and even the good old USA these days is racking up debt non-stop. Debt is like an addictive drug once who have it you become addicted and seemingly you can't stop until you hit rock bottom.