Financial investors are watching the political fallout in Athens after its third aid programme was agreed on Friday night
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Greece’s stock market has ended the day higher although banking shares are still under the cosh.
The Athens index is up 1.04% at 680.94, but the banking index has dropped 8.67% as concerns about recapitalisation continue. Piraeus Bank is down 13.61% while Eurobank Ergasias has fallen 12.12%.
Here’s our report on the latest comments from Yanis Varoufakis, who has once more attacked the bailout proposals:
Greece’s former finance minister Yanis Varoufakis has accused European leaders of allowing oligarchs to maintain their stranglehold on Greek society while punishing ordinary people in a line-by-line critique of the country’s €86bn (£61bn) bailout deal.
Varoufakis said the Greek parliament had pushed through an agreement with international creditors that would allow oligarchs, who dominate sections of the economy, to generate huge profits and continue to avoid paying taxes.
Source: The Guardian Circular Economy RSS