Monday, June 29, 2015

The chaos in Greece is spreading beyond the country’s borders. – Aftonbladet

The chaos in Greece is spreading abroad.

The world’s stock markets falling sharply in the morning. Stockholm Stock Exchange’s broad index has fallen more than two percent.

– We should not be so naive that we do not see the risk of Greece leaving the euro, says Prime Minister Stephen Löfven to Swedish Radio.

Six days to come, all banks in Greece will be closed. It resolved the crisis-hit country’s government after a marathon meeting yesterday evening. In addition, a ceiling introduced, which means that Greeks can take out a maximum of 60 euros per day at ATMs. The restriction does not apply to tourists.

Although the Athens Stock Exchange that are closed. AFP news agency reports that the stock market will not open until 7 July.

Both of these measures are desperate attempt to save Greece aside a total financial crash, which could mean that the country is forced to leave the euro cooperation.



Stock markets fall

The Greek turmoil has led to serious concerns in the markets around the world. During the morning, the largest stock markets in Asia fell by over two per cent. Even in Europe, falling stock markets significantly.

When the Stockholm Stock Exchange, opened at 09 dropped the broad index OMSXPI by over 3.6 percent. After a few hours of trading, the case had been limited to about two percent. Most heavily fell sized companies bearing manufacturer SKF and forestry group Stora Enso. Almost all large companies fell during the morning session.

In an interview with P1 Morgon says Prime Minister Stephen Löfven that it can not ignore the risk that Greece will leave the euro:

– But it does not mean that the euro as such collapses. There is the Euro Group, an alternative plan if it would be so bad that it actually ends with Greece leaving.



Should voting solution

Eurozone aid programs expire tomorrow. Then Greece must pay 1.5 billion euros, equivalent to just under 14 billion to the International Monetary Fund. If not, the country risks going into state bankruptcy.

This weekend also came the news that the euro countries will not extend support program. Despite this, the Parliament, I said to Prime Minister Alexis Tsipras proposal to let Greeks vote on the creditors’ conditions to support the country with new borrowing billions. The referendum is scheduled to be held on 5 July.

– To Greece suddenly say you want a referendum at one minute twelve, and additionally think that the people will vote no, the action does not impress me, says Stefan Löfven in P1 Morgon.

The article is updated.

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