trading european banks in light of greek debt default
TRANSCRIPT
Trading European Banks in Light of Greek Debt Default
By www.ProfitableTradingTips.com
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
Greek debt talks have collapsed on the eve of debt default.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
The early big losers in the situation will be European banks that have collectively loaned tens and hundreds of billions of Euros to Greece.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
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http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
Reuters reports about the collapse of talks between Greece and lenders.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
stock markets around the world fell on monday as they felt the ripple effects of the greek crisis after the collapse of 11th-hour talks between the near-bankrupt country and its creditors.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
the losses were broad across risky assets such as equities, though major stock indexes were off their lows of the session.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
while crude oil prices fell, the euro recovered from earlier weakness against the dollar to trade slightly higher. gold and silver rose on the day.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
talks on sunday between greece and its creditors to bridge their differences broke up after less than an hour.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
european union officials said athens had offered no new concessions to secure the funding it needs, while athens said it would not give in to demands for more pension and wage cuts.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
greece must repay 1.6 billion euros ($1.8 billion) to the international monetary fund by mid-year.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
If Greece cannot pay it will likely leave the European Union and the European monetary union.
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The first in line to get hurt will be banks to which Greece owes an awful lot of money.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
How Much Greece Owes to Banks
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
Democracy.info provides a clear perspective of how much Greece owed in 100 Euro notes as of 2012. Who Loaned Greece the Money?
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
greece owes a lot of money to a lot of people. check out who loaned the money.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
information date: 2012 february. source: eba (european banking authority)
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
As the images demonstrate it would take a really big truck to carry the €2 Billion or more that Greece owes to each of the following:
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
CNP Assurance: €2 Billion
Groupama: €2 BillionMarfin: €2.3 BillionSociete Generale: €2.9
BillionCommerzbank: €2.9
BillionGenerali Group: €3.0
BillionAlpha Bank: €3.7 BillionATEbank: €4.6 Billion
BNP Paribas: €5.0 Billion
Bank of Greece: €6.0 Billion
FMS: €6.3 BillionParaeus: €8.0 BillionEurobank EFG: €9.0
BillionNational Central Banks:
€13.1 BillionNational Bank of
Greece: €18.6 Billion
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
In trading European banks in light of a Greek debt collapse consider this list.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
American Depository Receipts
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
The easiest way for trading European banks as the Greek debt crisis works through to a conclusion would be to buy and sell American Depository Receipts for European banks.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
Forbes talks about how to buy foreign stocks, including banks.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
there has been a proliferation of adrs (american depositary receipts), meaning no currency costs and shares accessible with your usual $8 or $9 commissions for domestic trades.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
if your chosen stock doesn’t have an adr your broker can probably get it for you on a foreign bourse at a tolerable commission cost.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
if your chosen stock doesn’t have an adr your broker can probably get it for you on a foreign bourse at a tolerable commission cost.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
the shareholder report you want is probably going to be in english and available with a mouse click.
http://profitabletradingtips.com/profitable-trading-tips/trading-european-banks-in-light-of-greek-debt-default
So, if you are interest in trading European bank stocks during this crisis moment, check out ADRs for the list of banks with Greek debt exposure.