Bourse dips.

Kathimerini English - - Front Page -

tion,” Econ­omy Min­is­ter Luis de Guin­dos told par­lia­ment in a spe­cial ses­sion on the deal Greece reached with its cred­i­tors, seen as help­ing it stay in the eu­ro­zone. “This isn’t easy – the path ahead is still long and com­plex,” de Guin­dos said. The Aus­trian Par­lia­ment also ap­proved the new bailout in a vote yesterday. Par­lia­ment’s per­ma­nent Euro­pean Sta­bil­ity Mech­a­nism sub­com­mit­tee ap­proved the mea­sure, a Fi­nance Min­istry spokes­woman said in a text mes­sage. from the Euro­pean Union, said yesterday. Dutch law­mak­ers will re­turn from their sum­mer break for a third time to dis­cuss the 86-bil­lion-euro in­ter­na­tional aid pack­age that re­quires fur­ther eco­nomic re­forms and aus­ter­ity by Greece. The Nether­lands will con­trib­ute 5 bil­lion eu­ros. The ses­sion be­gins at noon in The Hague.

Nose­div­ing bank shares dragged the Athens Stock Ex­change a lit­tle lower yesterday. The gen­eral in­dex closed at 673.18 points, 1.14 per­cent lower than on Mon­day. In­vestors di­vest­ing them­selves of bank shares was the key fac­tor in the de­cline due to on­go­ing con­cerns about the im­pli­ca­tions of the stress tests be­ing car­ried out. Pi­raeus Bank led the way in terms of neg­a­tive num­bers as its shares fell by 14.07 per­cent, fol­lowed by Eurobank, which saw its share value drop by 12.07 per­cent. Over­all, bank shares were down by 8.32 per­cent.

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