Comments
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YWCorruption can't be eradicated just like that
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KERemember - there are very few things in this world which are as screwed up as greece.
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NKvery superficial coverage of the situation , simply because the "other side" was not presented in the interviews. As a general comment, regarding the specific investment opportunity, i can only say that investing in countries ruled by authoritarian governments the end game is strictly binary....either zero or 10x. However, Greece is part of the EZ , so 10x is out of questions at this point.
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OBI missed no mention to the political framework. Should Mitsotakis rise to power, GREK would fly.
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VPAdd GREK to the "Great Experiment" portfolio :)
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VMThere all crooks none pays taxes and its a pig with lipstick.
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SBAnd is GREK a good investment vehicle?
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MZlkuuuuuu
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twPure gambling for anyone but the insiders.
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SDLook at the price Greece has paid for refusing Grexit. Which Western country has attained 3.5 percent annual GDP growth for five consecutive years in recent history? This is a contemporary Holocaust, a population decline from 17 million to 11 million over just 13 years, directly attributable to economic conditions imposed by a dominant creditor state. The UK is foolish to ignore this lesson, and persist with negotiations with a party that is clearly incapable of operating in good faith. The UK should pursue aggressively a hard Brexit, partly to enable a more equitable negotiating position for Greece and the other impoverished second tier EU states.
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JWGreat video. Always nice with a multitude of views and takes on the same topic.
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NAHow many more years will they try austerity? to these economists the bloodletting must continue until reality conforms to their theories. In the mean time Greece is being depopulated of its able bodied workers, leaving only the old to suffer further cuts. yeah great recipe for recovery!
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JMWhen you are socialist, things generally keep getting worse until you are not a socialist. Has Greece renounced socialism? Not yet...
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ACMark is my favorite. Mark would be a great teacher. Thank you.
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SRGreece maybe a good opportunity in the future, but (IMHO) the risks favour waiting until some of the issues highlighted have been resolved, particularly the bank stress tests and the possible 4th restructuring. Whilst greek banks may look 'cheap' I get the feeling they will get cheaper still before the tide eventually turns. If you look at the charts (of the 4 mentioned banks) it appears they've all rolled over and heading lower.
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DJI’m surprised the Hellenic security fund was not discussed and the potentiual opportunity of Grexit. Otherwise Great. This is something everyone though investigate and look into if they consider if they want to purchasing these stocks and are allocate a probability of a potential Grexit down the road.
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SPVery interesting catch up on the Greek situation. Great coverage RV as it presents a good overall picture of the ongoing Greek dilemma -a culture that needs dramatic change to allow economic advancement. The Chinese have seen the long term opportunity and are exploiting it. That may or may not mean less well healed investors have the same opportunities. Still more speculation than investing involved in Greece at the moment.
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TSGreat job Mark! Greece was no where on my radar but its worth a look. Well done
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SDNice overview. What has happened in Greece is offensive. It amounts to economic war upon the cradle of Western civilisation. The youth of that country, and thus the country's future, has been terminally compromised by unelected and unaccountable EU officials acting on behalf of corrupt and incompetent German banks. Look and learn. Today Greece, tomorrow ....??? The Greeks won't forget this. Nor should they.
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PBExcellent content! Thanks a lot!
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KTA very good episode. And Mark did an excellent job hosting it. He told us what we were going to hear, reminded us of what we heard and summarized the presenters conclusions.
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LRStill seems too early. Greece has been living far above its means for 40 years. This is the fundamental reason they are in trouble. They have not really addressed this. There will be no real turn for the better until this is addressed. Former central banker's comments make this clear. Sounds like bank balance sheets are still full of rubbish and accounting tricks. Are there some very specific plays possible? Yes, but only if you have a very good micro level of knowledge in that specific area.
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IHA very balanced piece. More like this thanks. Oh and no hype!!! Perfect!
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JGWell done. I hope we see more about Greece from RV.
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JHThanks, RV - balanced, data-driven take on the situation in Greece. More of this please : )
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JCIf i were Greek why would I put mony in a Greek Bank?
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PUI found this interview balanced. . . presenting both the bull and bear case. Well done.