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Prem comments on FFH and Greece


Zorrofan
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  • 2 weeks later...

 

Looks like a maximum 5-7% hit to book values altoghether (if all positions go to zero, more like 7%). I think we can assume Eurobank is toast.

 

The letter to shareholders spells out the exposure in detail, so unless new positions were made this year - let's hope not - stockholders should be fine.

 

Maybe we can hope for an overreaction from Mr Market.

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