“Stocks have fallen to roughly the level they were at in 1990 and, while not as low as they were in 2012, are some 52 percent down on last year’s high. Greece said it expects to conclude a bailout deal with international lenders by Aug. 18. It has been estimated by both the banks themselves and the creditors that between 10 billion and 25 billion euros ($11 billion-27.5 billion) is needed to recapitalizes Greek banks. The economy, meanwhile, has reversed course and is heading back into recession. A survey on Monday showed Greek manufacturing activity plunged to a record low as new orders plummeted and the three-week bank shutdown caused serious supply problems.”

http://www.reuters.com/article/2015/08/04/us-eurozone-greece-stockmarket-idUSKCN0Q90NU20150804

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy

“Greece’s stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears that the country was about to be dumped from the euro zone.  Bank shares plummeted 30 percent before loss limits kicked in to stop investors selling any more. The main Athens stock index ended down 16.2 percent, recovering slightly after plunging nearly 23 percent at the open.  It was the worst daily performance since at least 1985 when modern records began, including a 15 percent fall when Wall Street crashed in 1987.  Furniture maker Dromeas SA gained almost 29 percent after clinching a 30 million-euro deal to supply European Commission offices.”

http://www.reuters.com/article/2015/08/03/us-eurozone-greece-stockmarket-idUSKCN0Q807720150803

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy