Category Archives: Greece
Loan loss provisions are down sharply. Liquidity and capital measures are strong. NBG is positioned well to provide support Greece’s economic recovery. Yet, the stock trades at less than five times my estimate of pro forma EPS.
Although the Greek economy looked like it was beginning to achieve liftoff in late 2014, its progress was set back in early 2015 by the newly-installed Tsipras administration’s effort to obtain major changes to the country’s bailout program. Greece’s compliance … Continue reading
Greece’s quest to pass the next milestone on it bailout plan will get a hearing on Monday in Brussels at a meeting of EU finance ministers. Press reports suggest that the EU and IMF are still looking for about €9 billion … Continue reading
Although the recovery in the Eurozone is underway, Greece has so far been left behind. Europe is growing now at an overall rate of 2% per year. Even the other peripheral countries that had been experiencing difficulties– Ireland, Italy, Portugal … Continue reading