Water supply and sanitation in Greece
The benchmark of the Greek bourse moved within a particularly narrow margin of just four points on Wednesday, as investors saw no reason for any major moves while talks with the country's creditors are ongoing and international markets are holding their collective breath ahead of next week's central bank decisions in the US.
What was the Radical Left Coalition (SYRIZA) darling Rena Dourou doing on the night that Greece was shamed by the Eurogroup and was on the brink of leaving the Eurozone? She was working for the appointment of her partner Yiannis Benisis as the CEO of the Athens Water Supply and Sewerage Company (EYDAP).
Despite early suggestions of a stock rebound, the Greek bourse eventually ended with significant losses on Monday, on extremely low trading volume, as an agreement between Greece and its creditors remained elusive. A technical glitch in the first few minutes of the session did not help proceedings either.
The market?s fatigue with Athens?s inability to conclude an agreement with the country?s creditors and the growing prospect of a referendum that government officials are pointing to resulted in fresh losses during Monday?s bourse session as investors expected nothing concrete from the Eurogroup meeting in Brussels.
Optimists came out on top at the end of Thursday?s Athens bourse session, as the positive signs from the meeting between Prime Minister Alexis Tsipras and German Chancellor Angela Merkel appeared to have give the negotiation process a boost. It was the second consecutive day of gains for the benchmark, although trading volume slipped below 100 million euros.