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.