Labels: Control Systems , Corporate Management , financial governance
Greece to pay the interest to find buyers for its government bonds with a maturity of ten years, has risen above 10 percent. Around 09.15 am, the interest rate from 10.149 percent to 9.730 percent after last night. Such interest on government bonds over ten years is unprecedented in the eurozone.
The rate for government bonds in two years rose to just under 18 percent, indicating investors' fears of default on the country at short notice. The credit rating of Greece yesterday evening assessor Standard & Poor's review of 'BBB +' to 'BB +'. That decision was labeled as unfounded Athens. "She does not match the real data of the Greek economy," said Greek Finance Minister.
Short selling banned
Over two months has also banned short selling on the Athens Stock Exchange. The decision was taken "in view of the exceptional circumstances in the Greek market." The ban took effect today, runs until June 28. Such measures were repeatedly introduced worldwide during the financial crisis. Greek crisis spread panic in the markets and is beginning to expand into Portugal. The pressure on Europe is thus increased as quickly as possible the promised help for Athens free.
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