Replies to post #9307 on National Bank of Greece ADR (fka NBGGY)

[learninfast]

I agree with your analogy other future of Greece. The IMF sees the fine print on this bailout and the fallacy of thinking more money will solve the problems facing Greece. Hence the debt relief the IMF is adamant about. I agree that without structural change Greece is doomed to repeat the past. The money earmarked for recapping the banks is not free. Somehow it will be made back by the lender. My point is the details on dilution, increases, bail ins and everything else related to the solvency of NBG post infusion is still being written. AJM limited O.