Experience Stern | News & Events

Excerpt from CNN -- "I think there is a recession that is getting deeper in Greece and Greece needs the agreement with the Europeans as fast as possible and it needs the money from the Europeans, the loans from the Europeans, as well as the rehabilitation of the banks. The reason why the banks are the worst performing stocks right now is because the shareholders are going to lose a lot of their value once the banks get recapitalized. Still the banks need to be recapitalized as soon as possible."

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