Stock market crashes

For the first time in the last seven years, the wealth of the richest people around the world declined in 2018, a report by the Capgemini consulting firm, quoted by DPA, reported.

The millionaires have also diminished. This is the first time since the financial crisis in 2008.

Greeks were voting on July 7 in the first parliamentary election since their country emerged from three successive international bailouts still struggling with a crippling nearly decade-long financial crisis.

Greek private sector bank deposits rose in May for the third successive month, central bank data showed on Monday.

Businesses and household deposits increased to 135.28 billion euros ($153.20 billion) from 134.69 billion in April, Bank of Greece data showed.

Greece's economy is expected to grow by 1.9 percent this year, the country's central bank said in its annual monetary policy report on Monday, an expansion pace below what the government is projecting.

Greek 10-year government bond yields fell below 3 percent for the first time on Friday, pushing its cost of 10-year funding to 20 basis points over Italy - an all-time low.
Greek 10-year bond yields dropped seven basis points to an all-time low of 2.98 percent as investors bet on a brighter outlook for Greece ahead of a snap election.

Greek bond yields resumed their downward trajectory on Thursday, with more talk about a possible bond issue by Greece before the July 7 snap general election.
The benchmark 10-year government bond yield declined by eight basis points on Thursday, or 2.61 percent, to 3.05 percent.

Greek 10-year government bond yields pulled back on Wednesday from the 3 percent record low hit on Monday after dropping 20 basis points.
They were still close to all-time lows at 3.15 percentage points ahead of a general election which will take place on July 7.
[Reuters]

This is true because according to the IMF and World Bank projection our country will this year have GDP growth of at least 3.5 percent.

Cyprus' finance minister says new bond issues will save the country money by helping to pay off the remainder of a 2.5 billion-euro ($2.8 billion) Russian loan more quickly.

Turkey is carrying out policies pledged in the reform package, the country's Treasury and Finance Minister Berat Albayrak said late April 22, after his ministry announced that government debt securities worth 3.7 billion euros ($4.16 billion) will be issued to support the banking sector.