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Tsipras’ policy statement once again collapses the Athens Stock Exchange

09 February 2015 / 15:02:56  GRReporter
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The Athens Stock Exchange is nervous following the announcement of Prime Minister Alexis Tsipras’ policy statement before parliament on Sunday evening. The index has lost 5.35% of its value, remaining at 760.63 basis points, and the volume of trade is only 10.7 million euro. The FTSE25 index has lost 6.15% of its value that is now slightly over 225 basis points. As usual, the banking index has suffered the greatest losses, decreasing its value by 9.33% to settle at 606 basis points.
     The week began with the repercussions of yesterday's speech by the Prime Minister, and with Tsipras's visist today to Vienna; the Eurogroup will hold an extraordinary meeting on Greece on Wednesday, the European Parliament will sit on Thursday and the Greek Parliament will elect a president on Friday. The week will be full of events, which will put to the test investor composure.
     The interest rate on 3-year Greek bonds now exceeds 19% whereas the mass selling of shares of Greek banks has again decreased their value. Piraeus Bank shares fell by 10.74% and were traded at 0.54 euro, the shares of the National Bank of Greece fell by 7.43% and were traded at 0.9350 euro, the shares of Eurobank lost 10.37% of their price and cost 0.1210 euro, the shares of Alpha Bank lost 10.61% of their price and cost 0.2950 euro.

Tags: Athens Stock ExchangeBank sharesAlexis TsiprasGreek parliamentEuropean ParliamentEurogroup
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