STOCK MARKET WATCH -- Friday, 4 May 2012

[Demeter]

34. Greece May Delay Banks Plan (THIS IS WHAT HAPPENED 3 WEEKS AGO)

http://online.wsj.com/article/SB10001424052702303513404577351823026137442.html?mod=dist_smartbrief

Greece's government is likely to push back final decisions on a much-awaited plan to recapitalize the nation's banks until after May 6 elections, senior government officials said Wednesday, as it wrestles with the thorny issue of how to rescue the country's mortally wounded lenders.

Although still uncertain, the cabinet may meet in the next few days to consider elements of the plan, but isn't expected to signoff on key financial details relating to the terms of a government bailout and the rights of private shareholders in a future capital increase.

SO NOW ANOTHER PIECE ON THE BOARD IS IDENTIFIED...