EGFEF - Greek Banks Are Still Not Investable
I have had many requests over the past several months for an update on Greek banks. But, before I continue, let me say something about the current state of Greece and why you might also want to avoid buying into the Global X MSCI Greece ETF (GREK).
Contrary to many analysts who have slightly upgraded Greece lately, the current situation in Greece is not getting better. Perhaps, there is an improvement in the headline numbers. However, overall, the average citizen has not seen any benefit.
The pension problem is not getting any better, and in