AEZ 0.00% 0.1¢ apn european retail property group

greek debt passed.. albeit under protest

  1. 164 Posts.
    In for a penny, in for a pound.

    The rest of EU members now have to go through and sort out the rest of the weaker members if that's required.

    Meantime, it means that although there are cutbacks, the fact is, these buildings are now valued well below cost, and lenders are willing to hold off on calling the debt... so long as the debt can be serviced.

    http://news.sky.com/skynews/Home/World-News/Greece-Rescue-Package-Agreed-With-EU-And-IMF-To-Avoid-Bankruptcy/Article/201005115623810

    Long term hold but well worth it if it survives.
    As my prediction before my entry was for low 4c, it's hit here. Only concern now is if it will survive.

    As for the 3c prediction, great chance for me to bulk up more, so long as it survives.

    good luck to all.
 
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