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The Athens Stock Exchange Index tumbled more than 5 per cent on Monday and fell below the psychological border of 1000 bps.

The shares of large companies fell 4.37 per cent, of small companies - 3.49 per cent and of medium - 3.17 per cent. Only Folli-Follie and Piraeus Bank from the large enterprises made ​​profits – 2.60 per cent and 1.41 per cent respectively. Conversely, the most significant drop was registered in the shares of the suggested for privatization state lottery OPAP - 7.41 per cent, of the national telecom OTE, in which the state is to reduce its stake - 6.38 per cent, of Hellenic Petroleum - 5, 78 per cent and of the national electricity company DEI - 5.74 per cent.

Wall Street registered significant losses as well as the stock exchanges in London, Europe and worldwide. "In the present state of public finances in the USA the other agencies (except for Standard & Poor's) will respond soon too," said Angus Campbell, sales manager at Capital Spreads, reports Imerisia. "One thing is certain – there will be serious insecurity and it will make it difficult to negotiate," he added.

"The markets marked a downward trend. The Sock Exchange can not be indifferent to the lack of positive results inside the country and of fast economic actions. Obviously, the decision of the European Central Bank to start buying Italian and Spanish government bonds is of very limited effect. The only thing we can hope for is some kind of artificial increase of the index, dictated by the very low prices," told Reuters the analyst Manos Hadzidakis from Pegasus  brokerage.

This morning, Prime Minister George Papandreou spoke by phone with the President of the European Commission José Manuel Barroso, and in the next hours, he will discuss the financial crisis with the President of Eurogroup Jean-Claude Juncker. "Today, the politicians in Greece and the world gradually are beginning to accept the position of Antonis Samaras to create an effective mechanism for economic support such as as Eurobonds," the New Democracy MP Notis Mitarakis comments the latest economic developments.

The Greek spread of the 10-year government bonds reached 1307.2 bps.