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Athens Stock Exchange at Level of 1993

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:

PS I am afraid soon they will even give you money if you want to buy the Greek banks … 🙁

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