Political uncertainty has once more appeared in the spotlight, while the prospect of the discussion for Greek debt relief confirms the improvement in sentiment towards Greece. Large funds abroad prove their confidence in our country, initially investing in new government bonds and then with increases in capital and bond issues of Greek banks, culminating in Pimco’s entry in Eurobank and the emerging interest for NBG, as well as the advent of John Paulson in the share capital of Alpha Bank.

The story of Greek recovery generates an interest in more traditional players of international finance, but, these professional investors have to include the political factor in their estimates for Greece. Agencies warned lately that while economy recovery is on the way, the political factor is the most important danger for the country. Their estimate is confirmed today, with the 10-year bond yields remaining around 6%, but the stock market is in decline.