Banks Want a Perky Stock Exchange



banksIntense skepticism prevails in the government’s economic team. The developments in the banking sector are not expected to be favorable and the Finance Ministry is already looking for the tanks to raise the funds needed in order to make the required coverages.

Everyone knows that the Hellenic Financial Stability Fund (HFSF)  has a current reserve of 7 billion euros, but the Fund is not willing to spare it. This hesitation could possibly, in the end, save the system from its complete nationalization.

As it is believed, until the last moment, the economic team will look for a solution that will not pass through the state fund, but will give way out of the problem through alternatives. In this case, the solution can save the market.

The only thing that the banks will do, is take advantage of the good investment climate which has increased the turnover of placements from foreign portfolios, on a monthly basis, to 190 million euros.

It is estimated that 80% of this amount is placed in bank shares. If necessary, it is estimated that this amount can be increased to give the solution itself.


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