Tuesday, August 4, 2015

Greek Banks Take Massive Hits For the Second Day in a Row

For a second straight day, following the reopening of the Greek stock market, there were heavy losses in Greek banking stocks, with shares across the sector once again falling by about 30 per cent, the bottom of their daily limit.

Bank of Piraeus and National Bank of Greece fell the most, falling by the daily limit of 30 per cent t. Alpha Bank was 29.7 per cent lower and Eurobank Ergasias lost 29.6 per cent.

And just think, there is nothing that is wrong with Greece that couldn't be fixed with sound economic policy. Unfortunately, there is no one in the Greek government that knows the first thing about sound economic policy.


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