EFTA Document EFTA01789263

From: GORGIO MANTZAVINATOS Sent: Sunday, March 6, 2016 12:50 PM To: [email protected] Subject: Greece Developments Dear lefrey Hope my email finds you wel= and enjoy Mexico As requested by our common friend=Seikh labor i am writing this email to you in order to update you in Greek=situation which is unique. After 6 years of conti=uing recession 3 Banking recapitalization and 3 Government changes we are =xactly in the same level plus the major refugee problem that we are facing=lately. Unemployment rate officially close to 30%= no major reforms except tax increased and a bunch of jokers for Governmen= conclude the situation today. As i told yo= previously i am with a contract with Alvarez & Marsal Greece and due =o our job with the major 4 systemic Banks the NPL ratio is around 42=43% heading to 45% at the end of this year. The t=tle of this book could be " The perfect catastrophe" <=r> My opinion is that we are going to see worst in the next mont=s till September,October( probably a 4th round of recapitalization for our=Banks) that most of the people agree that the boys from your site wi=l take some major initiatives in order to relief Greek debt. This is more or less my view and hope to help you to get = more understanding opinion on the Greek problem. <=r> Best Regards George G. Mantzavinatos=/div> 1 EFTA_R1_00115407 EFTA01789263