Athens Stock Exchange slumped for a second day on Wednesday, on fear of contagion from the financial crisis in neighbouring Cyprus.
Although the deal brought temporary relief, investors soon focused on the future ramifications of the bailout plan and what this would mean to other larger economies with weak banking sectors.
Cyprus is Greece΄s fourth trading partner, with Greek exports to the island exceeding one billion euros.
The subsidiaries of Cyprus΄ crisis-stricken banks in Greece — Bank of Cyprus, Popular Bank and Hellenic Bank — opened for business in Athens on Wednesday without incident.
Meanwhile there are fears that the controversial terms of the bailout could be mirrored in any future financial rescues of indebted eurozone members.
On the board the General Index ends 3.99% lower at 849.62
(source: Capital)
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