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Athens News Agency: News in English, 00-07-31

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Greece-ASE-Papantoniou

  • [01] Greece-ASE-Papantoniou

    31/07/2000 13:43:52

    The Greek stock market will enter the league of international mature markets from May 31, 2001, National Economy and Finance Minister Yiannos Papantoniou said on Monday.

    "This development means, among others, that an institutional restructuring effort of the Athens Stock Exchange is progressing satisfactorily and that its institutional operation is totally in line with the operation of foreign markets," he said.

    Papantoniou was commenting on a decision by the US investment bank Morgan Stanley to upgrade the Greek stock market's status "into a developed European position".

    He said that this decision was taken earlier than the Greek government had predicted and noted that the Greek bourse would enter the league of mature markets from May 1, 2001, but that an adjustment period was always needed.

    Papantoniou said that the resignation of Spyros Kouniakis, the Athens Stock Exchange's former president, had no relation with accusations made by New Democracy party recently and added that the Public Securities Organisation (DEKA) was not connected with the operation of the stock market.

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