I don't blame him for been anti the Greek government. They basically screwed up a very risky bet on him. He's grasping at straws in the hope that a yes vote will see the ecb bale out his dead duck bank. When he made the original bet he had a government in place that, as in Ireland, he could pow wow with and an ecb that had his back. Now the tide is on the way out it's becoming obvious who is skinny dipping, as buffet once said.
It's also becoming less obvious what markets see here as the most desirable result. Someone remarked that today's drop was a non event which it more or less was. Maybe that's because we are wrong. The markets want a no vote and want Greece out of the euro. Default won't worry them because the vast majority of the debt is European taxpayers money and not market money. As tax payers, has the time since 2012 original Greek problems been used to set us up in a markets win win.
Very happy with shareprice with all that's happening in Greece. I'm in for the long haul 10yrs+. This little share is slowly and steadily rising. Bois house is in order. Everyone was panicking when buffet and prem sold out. We're back at the 36 stage now with major shareholders gone. Looking forward to the future.
Fitch has just downgraded Greece’s major banks to ‘restricted default’.
It took the move following the imposition of capital controls - had that not happened, Fitch says, they would not have survived long:
The downgrade of NBG’s, Piraeus’, Eurobank’s and Alpha’s VR to ‘f’ from ‘ccc’ reflects Fitch’s view that these banks have failed and would have defaulted had capital controls not been imposed, given the high rates of ongoing deposit withdrawal and the ECB’s decision on 28 June 2015 not to raise the Bank of Greece’s Emergency Liquidity Assistance (ELA) ceiling.
Greek CB requested 6biĺlion extra this weekend but got 0. At that stage they had less than 1 billion left. Even with €60 limit on withdrawals there is no way they have enough cash to keep atm's open for the week.
wait for another 5% dip , four trading days before referendum , missed an opportunity to buy banco Santander at the open was down 10% at the opening bell , that stock is far cheaper than bkir , hope I get another chance this week
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