Greece General Shares Index (weekly),20 week exponential average ingreen, 5 week exponential average inred, 52 week ROC (rate of change) inyellow,MACD (moving average convergence divergence) in green.
Greece General Shares Index monthly chart, the red line is a 24 month exaverage, the yellow line is a 6 month exaverage.
Greece Notes & Links:
8/6/10 Greek CPI rose 5.5% YoY in July
7/12/10 Greece cuts deficit by 46% YoY -- beating target
6/14/10 (Bloomberg) -- Greece’s credit rating was cut four steps to non-investment grade, or junk, by Moody’s Investors Service, which cited the country’s economic “risks.” The rating was lowered to Ba1 from A3.
6/2/10 Greece announced long-delayed plans to privatize state-owned companies as part of its attempt to fix its public finances and chip away at the massive public debt.
4/27/10 Greece’s credit rating was cut three steps to junk by Standard and Poor
3/1/10 (WSJ) The EU's monetary affairs commissioner said the EU is ready to support Greece, but urged the country to take further measures to shrink its budget deficit.
2/9/10 (Reuters) - European governments have agreed in principle to help heavily indebted Greece, a senior German coalition source said on Tuesday, in what would be the first rescue of a euro zone member in the currency's 11-year history.
Billionaire investor George Soros said he is confident Greece will “do whatever is necessary” to remain a member of the Euro.
2/2/10 Debt-hit Greece should not be bailed out, one of the founders of Europe's euro currency has warned.
12/17/09 Standard and Poor's cut Greece's credit rating from A- to BBB+.
12/9/09 Greece's new socialist government promised Wednesday to step up efforts to reduce the growing deficit after a ratings agency downgraded the country's debt rating.
1/14/09 Standard & Poor's has downgraded Greek sovereign debt in a move that will make it even harder for the country to finance its ballooning deficits