Greek local stock market moves south for a second day, ex post election, awaiting for the announcements of the new cabinet. Share of the banking sector are suffering once again major losses, more than -11%, reports Capital.gr.
Professor economist Efstratios Loizou from the Technological Educational Institute (TEI) of Western Macedonia told about the current issue: "The stock exchange market index is almost at its lowest level ever, this period. Daily transactions are very low every day since long. The last days we had a new decline as foreign and local investors in the market do not "trust" the announcements of the new government about the new haircut without solid justification for their policy and are afraid of its results."