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