Greece Bank Stocks Implode on Bank Recapitalization Plan
MINYANVILLE ORIGINAL US bond markets and banks were closed today for the Veterans' Day holiday so trading volume was much lighter than usual. Average trading volume on the NYSE was more than 50% below the 10-day average. It was a busy day on the news front. Greece successfully passed its 2013 budget in a parliamentary vote. The vote passed with a much wider margin than the austerity vote last week temporarily alleviating any concerns that the Greek government was imploding. However Greece must roll over 5 billion euros this week to successfully redeem the 3-month bills that are due ...
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