Greece will have to present measures of E5.4bn/3% GDP plus a contingency package (and mechanism) with additional measures of E3.6bn/2%. It looks like the Greek government is having a hard time with ‘the negotiations’. We see two scenarios…
Greek equities are down 20% ytd … however, not everything is falling apart. We rate Grivalia Properties OWN IT and we believe…to continue reading this report contact@researchgreece.com
In the news conference that followed talks in Berlin between the Greek PM and the German Chancellor the Greek side made a number of U-turn statements, in our view. These statements mark a clear change to the pre-election rhetoric that wanted Greece objecting and discarding the adjustment program in place. On balance, we consider yesterday’s…
Greek national elections on January 25 brought upon a change in government led by left-wing Syriza. Our reflex reaction at the time was positive; we reckoned Greece was better off having a government formed instead of engaging (being dragged) into numerous election rounds. However, 45 days after the elections we are not positive anymore; negotiations…
Equities drop resembles the one between the two rounds of elections in 2012; we believe this time is different: we do not adopt/see a Grexit (given nobody wants one) hence we see good value in stocks – we reiterate our OI ratings on Jumbo, OTE, Hellenic Exchanges, NBG and Grivalia. Reading between the lines of…