The ATHEX index of Athenian financial market collapsed at 9:38 615.72 points, minutes after its reopening.
He finished up at the last session on June 26 to 797.52 points on the eve of the surprise announcement by Alexis Tsipras, the first leader of a radical leftist government in Europe, next referendum (he won, July 5) on new austerity measures proposed to his country. He hoped to break the impasse in the negotiations were found with creditors (EU and IMF) by submitting their supply agreement on financing the population.Cette decision had caused panic investors who had rushed at ATMs to withdraw money, exacerbating a slow haemorrhage of deposits since December 2014. Faced with the risk of a collapse of the banks, the government had decreed capital controls and the closing of both banks, finally reopened on July 20, and the stock exchange.
On Monday, stock market operations have resumed normally for foreign investors, but they are framed for local investors. They can not finance the purchase of securities by withdrawing money from their bank accounts in Greece, thus remaining under the control of existing capital in that country. They can however use offshore accounts or transact liquide.Les operations will be possible on all the values listed, including bank stocks will be the center of attention, both Banks are in a very vulnerable situation with the withdrawal of 40 billion euros by depositors since last December, according to the Association of Athens Stock Exchange grecques.La banks also specified that the ceiling of volatility exchanges would be reduced from 30% to 20% during the first three days of operation
After a half hour of trade, during the major banks and three largest companies in the country were worrying.
- National Bank: -30%
- EFG Eurobank: -29.86%
- Alphabank: -20.7%
- Piraeus Bank: -27.08%
- Hellenic Petroleum (energy): -28.42%
- OTE (telecoms): -29.88%
- PPC (energy): -29.09%
The Greek Finance Minister Euclid Tsakalotos had Friday its first meeting with senior representatives of the creditors in charge of preparing a third aid plan for Greece, which the IMF, which participates in discussions even if it does not immediately associate this new bailout. The Greek government wants to finalize by mid-August the agreement on a new three-year loan in the amount of over 82 billion euros, under the decision taken at the July 13 summit of leaders of Eurozone in Brussels. & Gt; Come discuss and ask questions on our forums!
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