The General Index of Athens Exchange moves below 700 points for the first time since April 1993, as concern about the debt crisis in Europe intensifies, reaching a peak after Moody’s warning to France.
The rating agency said the deteriorating market climate was a threat to the country΄s credit outlook, though not at this stage to its actual rating.
This warning refuels concerns of European markets, causing losses to British FTSE100 (-2%), French CAC40 (-2.5%), German DAX (-2.5%) and Italian bourse (-3%).
Meanwhile, Washington Post reported that a 12-member cross-party committee considers measures to shrink the U.S. budget deficit, but has failed to reach an agreement.
On the board, the General Index falls by 3.03% to 691.07 units, while the trading turnover stands at €9.56 million. A total amount of 97 shares decline, 24 rise and 13 remain unchanged.
Banks record losses of 3.68% at 270.84 units. Eurobank and Alpha Bank fall by 6.48% and 5.24% respectively, while Bank of Cyprus and Hellenic Postbank lose above 4%. (source: Capital.gr)
PS I am afraid soon they will even give you money if you want to buy the Greek banks … 🙁