National Bank of Greece (NBG) dropped sharply today on renewed fears of Greek bankruptcy.

Discussion in 'General Trading Discussion' started by TipdOff, Apr 22, 2015.

  1. TipdOff

    TipdOff Well-Known Member

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    Apparently, the Greek government is now negotiating with Russia to get an advanced payment worth $5.1 billion for a gas pipeline project that's not going to start running through Greece until 2017. The country is in a crunch and needs a total of $5.8 billion by May 15th in order to pay its debt obligations: https://www.tipdoff.com/beta/tip.php?q=2769
     
    Last edited by a moderator: Jul 8, 2016
  2. crimsonghost747

    crimsonghost747 Senior Investor

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    They have been on the edge of bankruptcy for so long now. And the only thing keeping them afloat is the ECB and IMF giving them free debt so they can use that new debt to pay the old debt. So yeah, not looking pretty for them and I most certainly don't want to invest there right now.
     
  3. rightct

    rightct Well-Known Member

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    No matter how much money they receive, it seems to suddenly vanish with no further sign. They could get 300 billion dollars, and still not be able to get anything good out of their country. I could bet anything on it.
    Like crimsonghost747 indirectly mentioned, that place is no longer a good place to invest.
     

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