National Bank of Greece ADR (fka NBGGY)

[yannigr]

Going down today. 2.6 euros. $3.42 because the euro is also down .82%. I think it is normal because we have to wait for the next Eurogroup. Also many members of the Greek parliament are saying that they are not going to vote for the new measures. Typical. Many of them are not going to be members of the parliament after the next elections maybe in 2 or 3 months. They know that, they also know that they can not walk in the road without the fear that someone i going to recognized them and throw them yogurt or eggs so they are trying to play it "we are with the people". It is their last chance to do that. Karatzaferis (the third political leader in the government)he also said that he is not going to vote the new measures. Also typical of him. He was the guy who helped Papandreou drive the country in the IMF and now he tries to make everyone forget that. Gallops are giving him 5% from 8% a few months ago. I was absolutely sure that he was going to be the first to jump from the ship.

Anyway I think that the parliament is going to vote for the new measures but with not a huge majority like in the past. So in Monday we will know if NBG is going even further down or stabilize at first and then up after the next Eurogroup in Wednesday.

That is of course my opinion. Nothing more. Don't base anything you do just on this opinion.