Greek Bank Announces Plan to Recover from Bailout (Reuters)
Eurobank, one of the four Greek banks bailed out by the European Union and the International Monetary Fund in the wake of Greece’s debt crisis and that country’s third-highest lender, announced today a €2-billion issue of new shares set to occur by the end of the year. (€2 billion is approximately $2.7 billion, as of the time of writing.) This stock sale is part of the bank’s plan to return to private ownership after the 2012 bailout.
What do you think about Greece’s recovery? Is it time to celebrate, or do the country and its banks still have progress to make? Comment below.
This content is for paid subscribers only. To gain access subscribe to one of our…
It is hard to find a seasoned investor who doesn’t believe the stock market is…
No one believes a financial disaster can strike… until it’s too late. That’s bizarre, considering…
The Options Industry Council is a resource used to educate investors about the benefits and…
The put-call parity is the relationship that exists between put and call prices of the…
“It’s not a stock market, it’s a market of stocks.” -- “Maxims of Wall Street,”…