Greek debt has never been more dangerous, according to the market. The risk attached to bonds reached a record high, according to Markit index based on the CDS (Credit default swaps, instruments for speculating against the risk of default of a State). He reached the 430 points against 387 on Friday. Contagion effect requires, the index also pierced caps for Portugal (242 against 227), Ireland (175 against 165) and Spain (173 against 166).
Originally escalating tension, information published on Monday in the Greek daily Avriani. Greek banks would face a massive capital flight to Switzerland and Cyprus amounting to 10 billion euros, the newspaper said. Wealthy individuals fear the new tax measures the Government to address the deficits via tax increases freecreditscore .In response, the Greek banks fell sharply by 8% on Monday in the Athens Stock Exchange.
The Greek banking system did not need this new. "Against the advice of the European Central Bank, the government is taking measures to protect households against seizure," said Ciaran O'Hagan, strategist at Societe Generale. "Suddenly, they stop lending. And as they have fewer filing with the flight of capital, a capital injection from the state is not impossible to run. "
While the Greek state is fighting to eliminate their deficits, the prospect darkens further the situation.
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