Greek stocks climb 3.8 pct during week amid increasing optimism on swift agreement

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Greek stocks climb 3.8 pct during week amid increasing optimism on swift agreement

Economy 06/05/2016 - 18:05 Tags: Markets

The Greek stock market climbed 3.8 percent this week amid improving sentiment an agreement between Greece and its lenders could be reached soon. The strong rebound was also accompanied with increased trading activity.

In its spring economic forecasts, the European Commission (EC) estimated a milder recession of 0.3 percent for this year, while retained its ambitious forecast for an economic recovery of 2.7 percent in 2017.

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