Monday, August 29, 2011

Bullish on Greece

Greek Stocks Set for Biggest Rise in 20 Years

Greek stocks rallied, with the ASE General Index heading for its steepest gain in more than 20 years, as EFG Eurobank Ergasias SA (EUROB) and Alpha Bank SA discussed a merger aimed at bolstering their assets.
National Bank of Greece SA (ETE) headed for its biggest gain on record while Piraeus Bank SA (TPEIR) was poised for its steepest advance in almost 18 years, both rising no less than 28 percent. Eurobank and Alpha Bank were suspended from trading as the banks’ boards meet, according to an Athens exchange statement.

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