To understand this essay it is essential to read this article by Christopher Lawron and Laura Stevens:
The news in the article are encouraging and worrying at the same time.
On one hand we have a future vision of recovery, but on the other hand we have a sort of “plunder” of Greece.
A big company would never invest money if they had not measured the profits. So, these German companies foresee a future for their investments. They probably have much more information than the regular people; they have a lot of people working on the future’s companies with privilege information from governments. We can say that there is a light at the end of the tunnel for Greece.
Companies are taking positions in some countries, because they are seeing some sort of signal that anyone can see. Is that good or bad?
Some people think that these companies tried to plunder Greece. Greeks feel some government assets as their own entity; it is unthinkable to privatize them. But the future is not longer in the hands of the government of Greece.
How many of these movements to buy Greece assets are related to the speculator’s movements in the share market? Is the finance situation that bad? Who is taking advantage of the crisis?
From what we have read, companies are taking advantage of the crisis. It seems a slow and smooth movement, because it is something which we do not read on the papers or watch on TV usually. Greece is being looted and there is nothing Greeks can do. It is a pity but it is the reality. No matter how many protests they do or how hard the strikes could become, the completely lack of rules in the EU and in the Greek government are going to allow these practices.
We will have to wait until the new movements of the EU central government; hopefully they will ban bad practices and step up in some rights. Perhaps I am being too naive or too kind but the cards are on the table and finally we will find out who was bluffing.