Investors sale in grand style Greek stocks and bonds. The result is a huge price drop on the financial markets of Greece. The new government must adapt to fierce headwind in the capital markets.
No sooner has the new left-right government in Greece presented preliminary plans, the financial markets are the country literally crashed. On Wednesday, both the stock and the prices of government bonds suffered heavy losses. The stock market benchmark index ASE in Athens broke at times of 7.42 percent to 725.20 points a.
A violent reaction showed up in Athens to trade in Greek government bonds. They were repelled by many investors
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At the free market-dated government bonds are traded
The returns indicate the actual price, to pay the State for new debt in the capital market – more than seven percent they are no longer acceptable as long. Greece has to rely on credit assistance programs of international donors for years. At the free market current government bonds are already traded.
In addition Tsipras had given in his cabinet a sharp critic of austerity responsibility for finances. That worries investors. The economist Giannis Varoufakis to lead as finance negotiations with international donors
Surf. Tip: More on the current developments in Greece in the news ticker
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