National Bank of Greece ADR (fka NBGGY)

[Chriss777]

You know what Nick? Despite the small, gradual improvements happening in Greece, I'm beginning to think the National Bank of Greece is still not an Investible asset, or any Greek Bank for that matter. Many stories I've read over the year have indicated that the Greek economy will not begin to recover fully enough until the year 2060. That's how badly the economy is damaged.

Your grand kids may be the ones who benefit from your investment. Half the loans or 50% of the banks asses are Non nonperforming loans. Then all that bail out money Greece owes Germany still has to be paid back with interest at some point. Greece will have enormous amounts of debt for years and years to come.