Replies to post #4973 on National Bank of Greece ADR (fka NBGGY)

[Alpha Investor]

I unfortunately see a default very likely this point. IMF quoted to be saying that both sides are just to far apart for a deal to be struck. I don't see them pulling that off where they jusy seize assets... it has been done before like in Argentina and I fully anticipate implementation of capital controls.
More compelling faction is what of other piigs (minus Greece)? Will the IMF really let them exit? I was pretty confident they would step in here but apparently not.

Looks like finally the concept to big to fail has finally seen reality. Eurozone ought to be really interesting should these final rounds fail... compelling times

[Sundance2]

I think both of these are risky. Surely you realize the market doesn't think much of Hero if itt not even worth a dollar.

[dabonenose]

That's a chance I am willing to take,,,lol. Don't ever bet anything you can't lose bruddah!!!