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|Posted: Wed Aug 08, 2018 6:23 am Post subject: rseas gals. If you fall under that class
|ATHENS Chris Kunitz Jersey , Feb. 8 (Xinhua) -- The Athens Stock Exchange general index plunged by 8 percent on Monday to a three-year low, amidst a negative climate across European stock markets and in particular due to increasing concern over the developments concerning the fate of the new Greek bailout program, as local analysts noted.
The index crashed standing at 462.97 at 16:30 local hour, according to Greek national broadcaster ERT.
It was the lowest point than the level it had reached in June 2012, when the country was facing a second general election within two months and scenarios of an imminent bankruptcy and exit from the European common currency zone.
Bank shares were hit hardest on Monday, diving by more than 20 percent from Friday's session, reflecting concern over the near future of the banking sector and real economy, according to experts.
Local analysts commented that the dramatic image of the Athens Stock Exchange comes as trade unions are culminating their protests against the pension system reform which is a key issue in negotiations with international lenders before the release of further loans to Athens.
On Friday foreign envoys left the Greek capital after a five-day marathon round of talks on the terms of the disbursement.
Greek cabinet ministers have acknowledged speaking to Greek media during the weekend and on Monday that after the end of the first round of dialogue on the assessment of the bailout there is still long distance separating Greece and creditors in many issues.
Experts warn that if the review will drag on for several weeks or months the uncertainty will have a negative impact on the Greek economy again. Enditem
ALGIERS， May 15 (Xinhua) -- The economic crisis hitting Algeria due to the shrink of oil revenues is under control， Prime Minister Abdelmalek Sellal said on Sunday.
"Algeria has been able to overcome the economic shock after the drop of oil prices in July 2014， as we have managed to safeguard national stability， and the country is doing well，" the prime minister told reporters at the kick-off of the 17th International Tourism Fair of Algiers.
Sellal said Algeria is continuing its "clear" economic policy， stressing that the country is on the right track.
"The drop in oil prices served our nation， as it gave us an opportunity to diversify the economy，" he said， adding that some 24，000 new private firms have been established during the last three years， or 70 percent of what have been created during the last decade.
Sellal said the government rejects any interference in its internal affairs， saying "we are bind to continue maintaining our national unity and stability， and our state institutions."
Hydrocarbons account for about 93.5 percent of the North African nation's total exports. It explicitly shows the full dependence of the nation on oil revenues to support national economy.
The Algerian government says it has established a new economic model for the period 2016-2019， which would enable the nation to gradually shift towards industrialization.
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