National Bank of Greece ADR (fka NBGGY)

[expediter13]

Agree, low stock value is not beneficial to Greece in this case. Wondering what is left to propel this up. I think most of the good news has already been dispensed. Maybe stock market opening will give it a shot in the arm.

The bigger picture here for me is that:

1. Greece is in a deep recession.
2. Banks have been depleted.
3. Country is in unsustainable debt
4. Unemployment is very high
5. Political leadership is a mess

Gee, am I talking about Greece or is this a picture of USA 2008? It took us a while but we made it, so can Greece.

YOu got all that right, and circa 2020 or 2024 here again. All we did was debt, and PR our way out of it... Buy a car, buy a house, get the country going again, dont save, spend it... There is no way Greece can get out of this mess. It is impossible, yet they keep on with it. Someone is getting paid...