Banking stocks collapse in the ASE

The stock market collapsed, since on one hand there is the leftist phraseology, and on the other, the most expensive loan rate requested by foreigners for government bonds.

Mr. Stratoulis of SYRIZA proposed that deposits be used for development, probably unaware that 80-85% of deposits in banks are composed of small savers in amounts of up to 20000 euros.

Banking shares sank after 4pm, the stock market “hanging” to an historic low of 52 weeks. At the end of the meeting, the General Index closed at 620.54 points, recording a drop of 3.62%, while the decline had reached more than 5% earlier.

A plunge of 14.2% for Alpha Bank, 7% for Viohalco, 10.10% for Eurobank, 6.3% for Motor Oil.

Wall Street opened with a decline, which was intensified by concerns about the Greek problem, while losses are marked in the European markets, with Paris reaching 2.8% and Frankfurt recording losses of 1.7%.

A dive by 37 USD was marked on the price of gold, which reached $1608, while the euro marked losses against the dollar.