Chart: Greek Sovereign Debt

Greece is the birthplace of democracy. However modern-day Greece can be considered as a “failed state” by some measures. For example, the country is notorious for tax evasion from ordinary people to billionaire shipping magnates. No wonder, Greece is the poorest country in developed Europe. For better or worse, Greece was included in the European Union. In …

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On the Performance of Greek Bank Stocks Year to Date

The Greek people elected PM Alexis Tsipras of the left-wing SYRIZA party in the recent election. Since his election, he has canceled some of the austerity programs and has reinstated certain laid public workers such as street cleaning ladies.Greece is without a doubt on a collision course with its creditors.According to one report, Greece owes  some €315bn …

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How Much Did National Bank Of Greece Stock Fall In The Past 5 Years?

The equity market in Greece plunged last week. In just 3 days the benchmark index fell over 14% including 9% on Oct 15th. The Athens Stock Exchange General Index is down over 19% as of Oct 17. Greece was the main focus of the world a few years ago when the country’s economy  was on the verge …

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Should You Invest in National Bank of Greece ADR After 2nd Reverse Split ?

National Bank of Greece (NBG) has implemented a reverse split for the 2nd time in less than two years. In November, 2011 when the reverse split went into effect in the ratio 1:5 I noted that investors may want to avoid the stock. On May 30th, the bank reverse split the ADR again. This time they …

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