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Citi: Will The EU Cut Greeces Gordian Knot?

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Citi said it starts to feel a bit more positive about Greek equities than it did three months ago, according to a report entitled “Will the EU Cut Greece’s Gordian Knot?”

Citi remains underweight on the Greek banks, having no “Buy” ratings amongst them but it is more positive on Cyprus banks.

Citi has “Buy” ratings for OPAP and PPC because of their deep value despite investors’ skeptical stance due to the government’s intervention.

Additionally, the firm places “Buy” ratings on Frigoglass and Metka as they follow a good international / export oriented business model.
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