Alpha Bank sees "light at the end of the tunnel" for the Greek economy

"The release of financial aid to Greece by the Eurozone and the IMF paves the way for a more intense pursuit and eventually attainment of the timely recovery of the Greek economy, and the definitive exit of the country from the greatest crisis in its history," Alpha Bank analysts estimate in the bank’s latest weekly financial statement.

"An unprecedented positive shift in the economic and investment climate in Greece has already been recorded, which is reflected in the impressive rebound in share prices in the Greek stock market (with capital inflows from abroad) and a notable increase in the price of Greek government bonds, with yields on 10-year bonds being formed already at 10.45%."

"The recovery of the stock and capital markets and the restoration of the satisfactory operation of the financial system of the country with its recapitalization, have paved  the way to implementing the privatization programs and the restarting of projects and NSRF funding for 2007 - 2013, which had virtually stopped since May 2012. Also, the recovery effort will not be blocked in 2013 and subsequent years by excessively negative factors, such as painful illiquidity (both in public and private sectors) and the continuous deterioration of the economic climate Greece suffered in 2011 and 2012," add the Alpha Bank analysts.