Monday November 24, 2014 Search
Weather | Athens
14o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Universal worry over local politics

 Markets, banks and investors express concern in aftermath of inconclusive election

The country’s creditors, its business sector, the markets and the local bourse are clearly expressing acute worry regarding the misty political landscape in the aftermath of Sunday’s inconclusive election.

After European Union and International Monetary Fund officials voiced their own concern on Sunday night, next in line were the major credit firms.

“The result of elections in Greece generates considerable uncertainty mainly regarding the future course of the country as well as the broader spectrum of eurozone assets,” Goldman Sachs informed its clients on Monday. It added that the “misty” political situation in Greece stands in stark contrast with the decisions that must be made in the next two months, referring to the foreign law bonds maturing on May 15, budget cuts of 11.5 billion euros, the recapitalization of banks and the reforms in the products and service sector.

While economist Nouriel Roubini said a Greek exit from the eurozone is just a matter of time and will likely happen before the end of the year, UBS’s head of European rates strategy, Justin Knight, stressed Greece has no margin for a bailout renegotiation. “We’ve already had a default in Greece and the market is priced for another default. The real risk is if markets start pricing in the possibility of Greece exiting the euro,” he said.

At home the head of the Federation of Hellenic Enterprises (SEV) called for the formation of a national unity government with the participation of SYRIZA.

ekathimerini.com , Monday May 7, 2012 (23:05)  
Traders eye developments with creditors
ILO calls for urgent action in Greece to create jobs, tackle social problems
Draghi urgency for ECB action gets final reality check
Greece to scrap need for permits in some 900 professions
Greek air traffic controllers say they will join Thursday´s general strike
Greek air traffic controllers said on Monday that they will take part in Thursday’s general strike, which is likely to lead to disruption at the country’s airports. The strike has been calle...
Livestock breeders to protest in central Athens on Tuesday
Greek livestock breeders are due to protest in central Athens on Tuesday in the hope they will be able to secure a meeting with officials from the Agriculture Ministry. The farmers are due t...
Inside News
BASKETBALL
Olympiakos ends PAOK´s unbeaten run in Basket League
Olympiakos put an end to PAOK’s unbeaten run in the Basket League with an emphatic win at the Peace and Friendship Stadium, leaving Panathinaikos as the only team with a perfect record so fa...
INTERVIEW
Tokyo hopes to change the world
The 2020 Summer Olympic and Paralympic Games in Tokyo will serve as a springboard for the rebuilding of Japan’s image and economy following the triple blow of the earthquake, tsunami and nuc...
Inside Sports
COMMENTARY
Extremism from a bygone era
There are times when we seem to be overcome by self-destructive madness. I hear various commentators and politicians speaking in extreme terms of a junta, of defections, gallows, collaborato...
EDITORIAL
No call for more games
Psychological warfare has been a part of the negotiations between the troika and Athens from the very start of the crisis. But the situation is much different now and troika decision-makers ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Traders eye developments with creditors
2. Greek air traffic controllers say they will join Thursday´s general strike
3. ILO calls for urgent action in Greece to create jobs, tackle social problems
4. Livestock breeders to protest in central Athens on Tuesday
5. Draghi urgency for ECB action gets final reality check
6. Greece to scrap need for permits in some 900 professions
more news
Today
This Week
1. Scientists expand excavation of ancient Amphipolis
2. Greek officials to meek troika chiefs in Paris to break review stalemate
3. EU said to plan 21 billion-euro risk-sharing fund for investment
4. Biden informs Anastasiades about content of talks with Erdogan
5. Police seek to name man who opened fire with AK47 at Piraeus bar
6. Countdown to missed opportunity for EU economy
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Anti-junta uprising anniversary to be marked amid tight security
4. Every age has its collaborators
5. Give Greece a chance
6. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.