Replies to post #11943 on National Bank of Greece ADR (fka NBGGY)

[Mierto]

thanks LA.

Can see the disagreement on the non-performing loans and foreclosures between Greek/EU members present.

I'm still a little confused by the Euro Groups language and position here. They say there needs to be a "balance" between those that are trying to pay their mortgages in Greece and are simply unable due to SES/financial/social reasons vs. those that are just milking the system.

First, that seems almost impossible. How and who will be doing these assessments? Why was there only 5 minutes allotted to this hop topic? Seems to me that there needs to be a lot more conversation, and the broad/abstract language of the Euro Group isn't helping.

Second, there are less than seven days to deal with this issue. Given the magnitude, how can they even begin to approach it in that time.

Hopefully, they just say "yeah, agreement is made, blah blah blah" and after the hype and cameras leave they carry on figuring this out.