Converting cash to anything but cash on a bank account By now nobody believes anybody when cash is in question
They are counting on ECB intervention (aid) and also, as it was in Cyprus, it is a tad safer to have money in stocks than in cash
kindly bought by the Bundesbank and friends
cheap Greek sale - 1 wk only
everything's fine in the Euro zone (honest)
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The "troika" of lenders at the EU, the ECB, and the IMF are back in Greece, and the Greek stock market is up 5.4 percent today.
On Sunday, the troika and the Greek government froze a plan to merge Greece's two largest banks, National Bank of Greece and Eurobank.
Now, the banks have to find another way to raise money to recapitalize themselves or face being nationalized.
That sent shares of both banks tumbling 30 percent on Monday. However, by the end of the trading session, they had already erased their losses and posted big gains. Eurobank closed up 20 percent.
Today, Eurobank is up another 30 percent, and National Bank of Greece is trading higher as well.
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