The Athens Stock Exchange after the agreement goes on a rescue plan
April 3rd, 2010
The Athens Stock Exchange was up Friday after the agreement reached Thursday night by the countries of the euro area on a rescue plan for Greece. The courses were progressing and 2.98% at mid-day.
The agreement approved by all 16 members of the euro area provides that in case of absolute necessity, a rescue plan would be implemented in Greece. Much of the funding would be provided by the European Union through loans, while the International Monetary Fund (IMF) to bring a complement.
The country's main union, the GSEE, said he feared a spike in unemployment figures, but said he would schedule no more strikes to help the government improve public finances. Unemployment is officially 10% but the union believes is actually 16%.
The agreement approved by all 16 members of the euro area provides that in case of absolute necessity, a rescue plan would be implemented in Greece. Much of the funding would be provided by the European Union through loans, while the International Monetary Fund (IMF) to bring a complement.
The country's main union, the GSEE, said he feared a spike in unemployment figures, but said he would schedule no more strikes to help the government improve public finances. Unemployment is officially 10% but the union believes is actually 16%.
Tags: euro area, Foreign Exchange, stock exchange
