National Bank first to test market waters in post-election afterglow

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National Bank first to test market waters in post-election afterglow

Economy 11/07/2019 - 15:30 Tags: Debt, NBG, NPLs

If the bull case for Greece includes a pro-business government rousing dormant animal spirits in markets, that part of the case is still sleeping off a post-election campaign hangover.

The 6 percent drop in the Athens Stock Exchange index in the first two days after Sunday’s victory for New Democracy was not altogether surprising in light of the market adage that most price action tends to happen in anticipation of news, while traders...

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