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Elections collapse the stock exchange

20 August 2015 / 19:08:38  GRReporter
839 reads

The Athens Stock Exchange has plunged again as the early elections reappearing on the political horizon have caused turmoil on the already suffocating market. It is noteworthy that with today's collapse of -3.52% the stock market has recorded total losses of -18.31% for the 14 sessions following its opening on 3 August 2015.

The main index reached 651.56 points today, recording a minimal increase of 1.29% compared to its lowest level this year (643.22 points), which was reported on 5 August 2015.

Holding early elections for the second time in 2015 will virtually kill the real economy since the last four months are considered lost for Greek companies. The index of political risk in the country is increasing too, with all the ensuing consequences for the assessment of the Greek economy by international rating agencies.

Tags: Athens Stock ExchangeCollapseEarly elections
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