Replies to post #9308 on National Bank of Greece ADR (fka NBGGY)

[Miracleman 1]

Understood. There will be adjustments on Bonds and Notes. Banks will be required to comply with the bail-in requirements, though not yet announced. My opinion, consolidation of banks soon coming. Maybe from 4 to 2 banks. Naturally, there will be increased efficiencies in Greece banking systems and a higher clientele base for the fewer banks that will remain. From the standpoint of dilution, I see more dilution as highly likely but an offset to an increased efficiency and clientele basis that will drive profits upward. There's a tradeoff going to happen. Long story short, pps increases with NBG.

[Miracleman 1]

In essence, Germany will dictate policy and economics in Greece. The Tsipras Government and future governments are nothing more than puppets for implementation of the directions of Germany. This was the easiest way to deal with dire circumstances created from continuing economic collapse in Greece. It's a more peaceful transition for the populace and creates a sense of hope.