Investors anticipate crucial decisions
European support for Greece, expected to materialize this week, has had a positive impact on the local stock market, with investors appearing to approve of Prime Minister George Papandreou’s diplomatic efforts in seeking backing from Europe and the United States over the last week. The Athens Exchange (ATHEX) general index closed the week last Friday at 2,115.65 points, recording a 1.61 percent rise over the previous week’s close at 2,082.06 points. Bank stocks and those with greater dividends pulled the market higher over the course of the week, although the turnover recorded was much lower than in previous weeks. All eyes will be on Brussels today, given the significance of the shape and breadth of support the European Union will extend to Greece. Moreover, the question now in domestic and foreign investors’ minds is whether the tax inspection mechanisms in the country can support the ambitious tax bill that is to be tabled in Parliament this week.