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MitchSand
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  • Markets Rise Because Of Hopes In Greece 0 comments
    Jun 15, 2012 11:27 AM | about stocks: NBG

    So far today the markets have rose fairly well and that is from the anticipation of the Greek elections. This has already shown help for the markets in Greece today with shares of the National Bank of Greece (NYSE:NBG) rose 7.5%. That is how hopeful investors are for the election results. But there is a concern in the election. That concern is that the anti-austerity political parties in Greece will win enough seats in parliament to derail the bailout program secured earlier this year. If this does happen then Greece will be, most likely, exiting the euro. This would cause a depression in all global markets, and this would last for quite a long time. But investors were also heartened after European central bankers signaled they would provide more cash to help banks deal with the ongoing sovereign debt crisis.

    Themes: Economy and Greece Stocks: NBG
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