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Athens Macedonian News Agency: News in English, 15-07-28

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Varoufakis to blame for harsh measures, Parl't Vice President Mitropoulos says
  • [02] ECB gives green light to plan for reopening Greek stock market

  • [01] Varoufakis to blame for harsh measures, Parl't Vice President Mitropoulos says

    Parliament Vice President Alexis Mitropoulos on Tuesday blamed former Finance Minister Yanis Varoufakis for the austerity of the measures.

    "With his lack of modesty, his naivety, his zeal to showcase his own ideas it seems that he has hurt the Greek issue," Mitropoulos said and added: "German Finance Minister Wolfgang Schaeuble and the creditors were likely aware of his intentions and as a result we should now accept these harsh measures and plan."

    "Probably he had confided them or had expressed them as a threat, or as one of his plans," he said in statements to private MEGA TV.

    [02] ECB gives green light to plan for reopening Greek stock market

    ANA-MPA -- The European Central Bank (ECB) on Tuesday approved a modified plan submitted by the Greek government for reopening Greece's stock market, one month after it was closed due to capital controls, according to sources within the Athens bourse. The ECB's final recommendation is that transactions by foreign investors will be without restrictions while Greek investors will not have the option of buying shares using "old" money but will have to deposit either 'fresh' money in cash, money generated through sales of stock already in their portfolio and through cash transfers from abroad. Local investors are up in arms over rumours that the stock market will reopen with Greek investors unable to use their existing deposit accounts to buy shares, expressing fears that free sales but controls on stock purchases will cause share prices to nosedive.
    Athens News Agency: News in English Directory - Previous Article - Next Article
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