Here is a rare ray of hope in Greece, my worst ETF.

http://www.ekathimerini.com/207395/article/ekathimerini/business/work-begins-on-british-american-tobacco-logistics-hub-in-piraeus

We can safely say the EU and national governments are totally hopeless in engendering growth.

All depends on Private sector initiative like this one by BAT.

Also German’s Scrooge minister Schauble has softened his tone:

http://www.bloomberg.com/news/articles/2016-03-21/schaeuble-says-don-t-let-greek-review-founder-on-pension-impasse

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