Athens Stock Exchange in chaos

After the election chaos and the decision of the Greeks to say "no" to the memorandum - in different ways - the Athens Stock Exchange is dropping, bearing grave messages for the Greek economy.

Within two hours the General Index lost 6.20% with the shares sold reaching 16.6 million euros. Alpha Bank plunged to 18.75% and the National Bank to 13.02%, with its share at 1.46 euros.

14% drop for Eurobank, 10% for the Bank of Cyprus and 12% for Cyprus Popular.

PPC fell by 10%, OTE and OPAP by more than 6%, and Mytilinaios exceeded an 11% drop.

The market is now ungovernable and expects the politicians to make their moves and the actions of the first party with the exploratory mandate to form a government. Of course, personal egos should move aside so that the Greeks can have a government. If a government is not formed soon the market, just like the whole society, will be a hostage too.