Replies to post #6889 on National Bank of Greece ADR (fka NBGGY)

[betahighlander]

Mav- Tourism is can be huge. people come the spend money and leave. Basically new money in.
Shipping is big - they are a tax have for shipping. If they edge in a little more revnue there that could be good.
NBG for instance has regional operations in the non euro neighbors.

They are not a Germany with high end goods production- I agree this is an issue. exports are agricultural - low margin at best.
This is where the EZ hurts countries like greece but benefits the germans.

This does need work- but they are pretty low so even a little is a lot.

[Miracleman 1]

Lol....Having spent time in Greece, the people aren't broke, the Government is broke. Tourism and fruit is the economy and the total GDP of Greece is close to that of Oklahoma...Lol

[rocco2]

thats the point maverick, privatization of Gov. owned industries and infrastructure. create an atmosphere where private industries can thrive. Knock out the socialist experiment, we can see it does not work. Far-left is just a platform, a more centrist Gov. will be the reality when the dust settles

$$ NBG $$