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ASE: Nervous Breakdown in Athens

The involvement of the Eurogroup Thursday and overwhelming domestic political developments forced serious losses in the Athens Stock Exchange on Friday, with the General Index, however, maintaining a positive sign and the weekly “contact” with the 800 units.
The trading began with pressures in the “aftermath” of the treatment applied by European partners to Greece, and pressures increased substantially once LAOS members made their intentions to resign known, as outlined by the president of the party.
Nervousness was intensified by the “carousel” resignations of cabinet members, not limited to executives of LAOS, and warnings that members intend to vote against the new contract in the critical vote Sunday.
The banking index completed on Friday the 3rd chapter in consecutive declining sessions, with total losses of 10.8%; however, the index also maintained a weekly positive sign.
The General Index that moved into negative territory throughout the trading was found down 5.23% at 780.85 points, and closed at 797.35 points, down 3.23%.
(source: capital)

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