athens stock exchange

Although economies were dealt a severe blow by the pandemic, the harm to households as regards bank deposits, stock investments, bonds, and real estate is limited.

Here what we have is a peculiar private monopoly and a state regulator that is dependent on it. The regulator here neither controls the diffusion of toxicity, nor does it control the distribution of superprofits.

Extolling the history of close US-Greece ties, Pyatt said that US businesses are ready to support Greek ones, as was evidenced by the plethora of US companies at September’s Thessaloniki International Fair (TIF).

The government’s celebrations over the exit from the bailout memorandum may be useful for domestic consumption, but they have not persuaded investors, and those who had the daring to invest are running away.

European mechanisms which check and monitor banks with particularly tight oversight have created a mutually acceptable plan for reducing NPLs, and have concluded that it is adequate and viable, but the markets show with their stance that they do not trust it.

The problems of the banking sector cannot be handled by waging a continual war with the Bank of Greece, the country’s central bank, and its governor, Yannis Stournaras.

The situation was aggravated when the government showed in every way possible that it is more motivated by its electoral pursuits and political aims than by anything else.

Tsakalotos will provide the European Commission with data which confirm that even without pension, cuts the 3.5 percent primary surplus target will be exceeded, rendering the cuts unnecessary, and that measures to counter austerity can be implemented over a four-year period.

The return to normalcy in the banking system is a decisive factor in stabilising the economy and giving it the necessary breathing space to meet fiscal and development goals.

It is indicative that in only one month, there were over 200,000 more citizens who are unable to meet their tax obligations, raising the overall number to 3.9mn.

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