Greek stockmarket on a headlong tumble
Greek stockmarket on a headlong tumble
The Greek stock market neared full collapse when in a day of profit for all other European stock markets, it fell just above 900 points, with loses of about 3,15%.
UPD:
The Greek stock market neared full collapse when in a day of profit for all other European stock markets, it fell just above 900 points, with loses of about 3,15%.
After last night’s Standard and Poor’s announcement that Greece will go bankrupt by the end of the year, as well as current statements (Pimco-Ising) that Greece is looking at bankruptcy, now there are announcements byrepresentatives from several countries showing that the salvation plan for Greece is even more difficult to implement.
The stock of the National Bank of Greece lost 5,35% at 3,35 euros. Liquidation for BIOCHALKOS and Bank of Piraeus reached 6%.
Losses for MIG-Eurobank, OTE and OPAP were more than 5%.
Simultaneously, the 10-year bond had a spread that rocketed over 1,500 points, which would lead to a loan interest rate of around 18%.
UPD:
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