The markets took a breather today, following the Greek government’s decision to abandon its request for a “haircut.”
It also opened the way for meetings between Greek Finance Minister Yanis Varoufakis and ECB President Mario Draghi as well as with German Finance Minister Wolfgang Shaeuble.
The decision led to a rally in the Greek stock market and declines in Greek bond yields.
Varoufakis’ proposal on debt had a positive impact and resulted to a stock market soar today, with the Athens Stock Exchange general index recording an explosive increase of 11.2% at 840 units.
The almost unheard-of increase almost replenished the total loss recorded since the beginning of the year.
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