Thursday, December 30, 2010

Market turbulence to continue

The Greek government expects turbulence in international markets in January, while government officials said they did not expect any attacks on the Greek economy. The same sources said they were confident that an extension of the Greek loans' repayment will be agreed, although they underlined that the Greek problem would not cease to exist as long as a general solution was not reached in the Eurozone.

Government sources said a prevailing turbulence in the Eurozone would keep spreads at current high levels and noted that skepticism was dominant in the Eurozone over the issue.
The same sources said that the government would present a draft legislation on opening up closed professions in mid-January, saying that the troika has set the framework of opening up closed professions, while the Greek government was negotiating the terms of this process.





ANA-MPA