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National Bank of Greece (NBG -22%) plunges, apparently not taking solace from the government's...

National Bank of Greece (NBG -22%) plunges, apparently not taking solace from the government's (laughable if the situation weren't so sad) forecast of economic growth returning in 2014. Once again a deadline for additional bailout funds nears, and once again there are the usual threats from EU big shots causing speculation that this time the Troika says "no." The Greek ETF: GREK -9.8%.
Comments (2)
  • TheSlog
    , contributor
    Comments (11) | Send Message
     
    What is it with Greek politicians? They hold all the cards, and yet wind up being bullied over and over again.
    The dictates against Brussels would be obvious to a 5 yr old: the Chinese would react badly to Grexit, as would the markets. The last thing Brussels, Paris or Berlin need right now is Greece upsetting the apple-cartin the context of Spanish disaster.
    Yet the Greek pols behave as if they were over a barrel. Frankly, if the Greek people strung the lot of them up, it would be no less than they deserve:
    http://bit.ly/Sd1kcF
    31 Oct 2012, 01:30 PM Reply Like
  • kmi
    , contributor
    Comments (4040) | Send Message
     
    The Greek pols and their friends are precisely the ones most likely to be hurt by a Grexit; the average Greek individual would actually benefit.

     

    The difference is mostly that whereas Greeks would be buying German, French and Dutch products like they do today, they'd buy Korean, Chinese, and Indian products for what little they don't produce to cover their needs.
    2 Nov 2012, 09:44 AM Reply Like
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