Galery

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On the second day after the early parliamentary elections, Greece came out in international markets and sold quarterly bonds by auction. It raised 1.3 billion euro. The offer was covered 2.6 times and the interest rate on the loan reached 4.69%. Political instability in the country and the failure of Antonis Samaras had their impact on investors and the interest rate jumped by 0.11%. 450 million euro from the funds raised from this auction must go to repay the obligations of a bond loan maturing on 15 May this year. The bonds are part of the three percent that were not included in the Greek debt reduction and investors expect to receive the face bond value of and not what was "haircut" by 53.3%. The rest of the money from the auction will cover budget payments as well as payments of salaries, pensions and liabilities of insurance funds by the end of the month.

Meanwhile, the main index of the Athens Stock Exchange continues to collapse. By 12:34, it fell by 1.39% after the Greek financial market had closed with losses of 6.67% on Monday and the bank stakes had lost 20% of their value in just one day. Financial analysts predict that the negative market trends will continue and key economic sectors will report even greater losses.