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Athens Stock Exchange & Banks in Free Fall

Athens Stock Exchange started with a free fall on Monday morning, just hours after the European leaders agreed on a haircut of 50% to 60% of the Greek debt. At 11:28 am, the General Index suffers losses of -4.60%, while half an hours earlier it recorded losses even of -5%. The shares of banks are plunging with flagship National Bank share moving at €1.63 – a price lower than that of a Greek souvlaki at 2.20 euro…

While EU leaders have not decided yet on the exact percentage of the “haircut”, the Greek banks will need fresh capital to EUR 15 billion, not counting the needs arising from the investigation of Blackrock in loan portfolios.

To be continued…


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One comment

  1. The Greek people must endure and exit the fascist European Union. Such a rape of a country, in order to protect some German or French or Wall Street bank is despicable.