Economy of Greece
The decline of OTE telecom and profit taking in bank stocks saw the benchmark of the Greek bourse ease somewhat on Wednesday from Tuesday's nine-month highs, although the majority of stocks remained in the black for one more session. Reports on election handouts by the government did not help blue chips or bond prices, which also slipped from recent highs.
Unfazed by the decline in bank stocks, the benchmark of the Greek bourse not only held its ground on Tuesday but also climbed to a fresh nine-month high - a level not seen since June 25, 2018. The day started with losses across the board, but most stocks switched from losses to gains as the session went on.
Greek bond yields held close to their lowest in nearly 14 years on Tuesday after falling for 13 straight trading sessions.
Greece's benchmark 10-year government bond yield slipped three basis points to 3.27 percent, its lowest since September 2005 and approaching the record low of 3.203 percent.
The Sporadic island of Skiathos has prepared itself ahead of upcoming tourist season with a voluntary beach cleaning drive that involved more than 550 school pupils and 75 adult volunteers.
The drive was organized by the cultural association "Skiathos" earlier this month with the aim being to clean all of the islands 72 beaches, including the signature Koukounaries beach.
The Greek bourse continues to go from strength to strength, with its benchmark recording another eight-month high on Friday, boosted by the performance of bank stocks as well as the continued drop of the yield on Greek state bond ahead of a possible new issue. The Eurogroup decision mattered little for traders, as they had already factored it in earlier in the week.