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After
five weeks of absolute "silence" the Greek stock market
re-opened on Monday, August 3rd with a huge crash, as expected. Some
were talking about "black Monday" similar to that of the
1987 black Monday on October 19th when the NY stock market sank by
23%.
On
Monday, the general index in the Greek stock market sank by 16.23%.
The biggest losses came from the banking sector with a fall of 29.92%
reaching limit down.
On
Wednesday the banking stocks were "unlocked" from the limit
down to find buyers. The National Bank closed at 0.455 euros -
24.295% fall, Alpha Bank at 0.112 euros - 29.56% fall, Eurobank at
0.052 euros - 26.765% fall, Piraeus Bank at 0.138 euro - 29.59 fall.
The
banking stocks reached the floor, so the next day the big party has
started through the massive buying. The banking index marked earnings
of 17.78% The stock of the National Bank rose by 27.47%, Eurobank by
17.31%, Alpha Bank by 11.61% and Piraeus Bank by 3.62%. Apparently,
the massive buying came after the massive collapse of the banking
stocks for three days.
According
to reports, the rise of the banking stocks is due to massive buying
by foreign investors, among them, HSBC, UBS and Goldman Sachs!
[Info
from: http://www.imerodromos.gr/xrimatistirio-fagopoti/]
Why
the international banksters rushed to buy Greek banking stocks from
the doomed, as appears until now, Greek banking system?
Except
from the ridiculously low stock prices, the answer comes from the new
"agreement"- capitulation of Greece with the creditors. For
one more time, a huge amount of the new loan will be used for the
recapitalisation of the Greek systemic banks, while Greece will be
obliged to "deal" with the red household loans. The road
for the "distress funds" vultures is now open. Remember:
One
recent example of anarcho-capitalism in Greece, is the information
according to which, various "distress funds" rushing to buy
the red household loans from the Greek banks, in very low prices. The
state, in this case, seems that cannot do many things to intervene as
regulator of the red loans. It seems that no one can block such funds
from obtaining house loans and therefore, the corresponding houses in
ridiculous prices. (fa.ev/maggies-ghost-haunting-europe)
The
pre-schedule of yesterday's agreement between Greece and the
creditors refers to a complete plan for the recapitalisation,
enhanced liquidity and "treatment" of the red loans for the
banks.
The
big party of the global financial mafia on Greek corpse will be
continued ...
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