Greek scholarship relieves losses to about 3% and drags other … – Business Journal – Portugal

Greek scholarship relieves losses to about 3% and drags other … – Business Journal – Portugal

The Athens stock exchange fell as more than 12% after knowing that the Government did not get the votes required for the election of the President. But have alleviated much of the fall and goes down less than 4%. The most affected markets are Italy, Spain and Portugal.

The Athens stock exchange even lost more than 12% after the votes for the election of the President and knowing that the votes were not enough to avoid a political crisis in the country. However, the trend has been eased and the main stock index in Greece follows the falling 3.89% to 264.929 points

The falls between listed Greek are widespread, especially for banking:. Eurobank (-7 , 73%), National Bank (-7.10%) and Alpha Bank (-3.26%), and the Greek banking came to suffer losses of two digits.

Another highlight was the manager of the falls of chance games OPAP (-3.68%) and telecom operator Hellenic Telecommunications (-2.84%).

But the falls in the bag are not unique to Athens. European stock markets follow all falling, with particular emphasis on the other peripheral countries. Italy and Spain lose more than 2%. Portugal more than 1%. The remaining stock indices retreat less than 1%. Fears that the political crisis intensifies in Greece and has impact on peripheral countries is what is the condition the investors.

The alarms are also sounding the sovereign bond market. The Greek interest rate of reference, 10 years, is rising 130.4 basis points to 9.805%.

But in the short time you are registering the highest appreciation. The interest rate to three years is gaining 154.6 basis points to 11.997%. The five years, the rate rises to 122.2 points 10.293%.

In this last round of the presidential were needed 180 votes, a total of 300, to elect a new President of the Greek Republic. The only candidate to replace Karolos Papoulias was Stavros Dimas, supported by the government of Antonis Samaras.

Greece face so new elections, at a time when SYRIZA leads in the polls, according to the survey of Rass held on 21 December, after winning the European elections this year. The left coalition led by Alexis Tsipras has pledged to reduce the austerity burden in the country if elected, what caused the mistrust of the European authorities in relation to a possible rise to power of Syriza.

Greek Parliament now has 10 days to be dissolved and early parliamentary elections must be called within 30 days. The election will thus take place between 25 January and 1 February.