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Bank deposits, shares and bonds exposed to the turmoil of political instability in Greece

Stock Exchange market sank with the general index losing 12.78%

Newsroom December 9 06:36

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The concern over the political developments seem to have affected bank deposits, shares and bonds which are exposed to the turmoil of political instability in Greece.

According to information there is no wave of panic recorded of customers withdrawing their money , but an increased amount of people  expressed their concern and made a lot of questions about their banking transactions to their bank branch.

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A similar concern is recorded in foreign banks and investment houses that deal with Greece. More specifically, the Greek desk received a wave of questions of foreign institutions seeking to learn about the precise of the president election procedures.

Furthermore, the investor distrust and fear of political uncertainty was reflected also in the bond market with an increase of approximately 65 points for the Greek decade bonds.

Following the 7.2%  deceleration that was recorded from the 8% that was noted when Greece proclaimed the end of the memorandum from the beginning of 2015, the ten year bond returned to the level of 7.9%.

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