GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 834.99 posting profits of 1.23%, in a turnover of €57.11mn.
The Finance Minister Mr. Yannis Stournaras said that he does not expect the government and the troika to agree on the austerity deal in time for Thursday’s EU summit and the negotiations will be continued after the summit. We remind that an agreement on the measures, as well as other structural reforms, is a precondition for Greece to receive the next tranche of aid and to secure a possible two-year extension to deficit-reduction targets set in that rescue agreement.
Today, the Prime Minister Mr. Antonis Samaras will meet with his coalition partners, the socialist PASOK chief Mr. Evangelos Venizelos and the Democratic Left chief Mr. Fotis Kouvelis to discuss the €13.5bn of austerity measures. We remind that Mr. Samaras had stressed that his aim was to finalize the package before Thursday’s EU leaders’ summit in Brussels.
The German Chancellor Ms. Angela Merkel said that there will be no uncontrollable events in the euro zone and she added that they want Greece to remain in the euro zone, but Greece still has a lot of work to do.
The IMF Managing Director Ms. Christine Lagarde said that Greece has a reliable government that is determined to put the country back on the path to stability and growth, adding that she believes the government is close to a deal with its creditors.
FTSE 20 December future:
- Support levels: 300-294-286. Resistance levels: 314-320-326.
The information that EUROCORP (henceforth the “Company”) provides via the web page eurocorp.gr, can be used only for informative aims and not for commercial, investment or other purposes. They cannot be considered as offer, advice, or proposal for purchase or sale of securities issued by companies that are reported in the web page of the Company, or as prompt on the realisation of any form of investments. The Company is not by any chance accountable for commercial or investment decisions that will be taken based on this information.
The information emanates from sources that are available in public and are generally considered reliable. The Company overwhelm each possible effort for the verification of the validity of this information. Nevertheless, the Company is not committed as for the precision, plenitude and safety of information and consequently no responsibility arises for the company from the use of this information.
The use of web page eurocorp.gr is under the exclusive responsibility of each user, who accepts that the information and services, are provided “as such” and “depending on the availability”, without any guarantee of the Company, indicatively reported the guarantees of satisfactory quality or appropriateness for concrete aims.
You will need Adobe Reader to open the files. If you do not have it already, you may download it from Adobe’s website by clicking the icon on the right.