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.
I just returned from the famous New Orleans Investment Conference, where gold bugs meet every year, and many panel discussions were on ObamaCare, the disastrous "health" care law the Democrats pushed through Congress.
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