Placeholder canvas

Greek stocks surge over 5% on ECB stimulus package

Date:

Greek stocks surged over 5.0 percent on Friday after the European Central Bank announced a bond-buying programme to stimulate the eurozone economy, and ahead of Sunday’s general election.

The Athens stock market was up 5.55 percent in early trade to 835.75 points two days before the crucial ballot that could determine the country’s future in the euro area.

The ECB on Thursday took an unprecedented decision to pump tens of billions of dollars a month into financial markets.

Greeks on Sunday are likely to elect anti-austerity party Syriza which wants to renegotiate the country’s unpopular EU-IMF bailout and erase most of the huge state debt.

The outgoing conservative-led government has warned that such steps could alienate Greece’s creditors and threaten the country’s place in the eurozone.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Vladimir Putin Sworn In As Russia’s President For Record Fifth Term

Moscow: Vladimir Putin took oath for a new term...

Excise policy case: Delhi Court Extends Arvind Kejriwal’s Judicial Custody Till May 20

New Delhi: The Rouse Avenue Delhi court on Tuesday,...

Billboard 2024 Power Player List: Manu Kaushish Features In The List With Six Indian Origin People

This is the second year in a row in which Manu has been recognised for his outstanding contribution to the music industry in India and on the global stage