‘Grexit’ scares markets Crolla Milan Stock -5% – AGI – Agenzia Journalistic Italy

'Grexit' scares markets Crolla Milan Stock -5% – AGI – Agenzia Journalistic Italy

20:38 January 5, 2015

(AGI) – Rome, January 5 – Monday ‘Black for Marketplace and major continental exchanges, scuppered by the fall in crude oil prices and concerns related to the political situation in Greece.

In one session the European markets have seen go up in smoke 156 billion of euro of capitalization; as calculated on the decrease of 2.19% of the Stoxx 600, the index that collects 600 company ‘of small, medium and large cap companies listed in 18 countries of the Old Continent.

The continental exchanges shut down at the end of a day of heavy sales, dragged down mainly by energy stocks. The worst result is up to Milan , with the FTSE Mib that closes the day in fall of 4.92%.

Paris gives 3.31%, Frankfurt moves back 3%, London loses 2%. Madrid leaves on the ground, 3.4%, Athens yields more than 5%.

A weigh on Monday ‘Black European markets mostly the new drop in oil prices , fell to the lowest level in five years after the decision announced by Iraq to increase exports of crude oil. The WTI in New York and ‘fell below the $ 50 a barrel , level more’ low since April 2009 .

Nervousness also to fears of a Greek exit from the euro : the specter of ‘Grexit’ reinforces the expectation that the next 22 January, the European Central Bank can move quickly towards the purchase of government bonds. In red even Wall Street.

Giu ‘even the euro fell to its lowest for 5 years and a half to $ 1.1880 , well below quota $ 1.19. And even on the yen, the European currency changed hands at least 2 months to 142.86.

The spread between BTP and Bund instead holds well , pending moves to Frankfurt on the purchase of bonds, to below 130 points.

The real weakness of Europe and ‘anyway Greece , a day after the German government had to refute Der Spiegel, usually well informed, according to which the Berlin government, if the left of Tsipras wins the election, do not tear your hair if Athens were to leave the euro. Gia ‘yesterday the German government had denied the newspaper reiterating that Greece must’ respect the agreements remain in the euro, whatever the outcome of elections. Today spokesman Chancellor Angela Merkel reiterated that Berlin does not change position and does not want the bait Greece from the euro. Very clear even the taking of Brussels. According to the EU treaties, he said, reading the text, a spokesman for the Commission membership and the euro ‘irrevocable.

In a lengthy radio interview, also French President , Francois Hollande has made clear that Paris Greece must fulfill its European commitments. “The Greeks – says Hollande – are free to decide their own fate.
However, there are certain obligations that have been taken and that should obviously be respected.” Also Hollande Do you know that next week we will meet ‘with the German chancellor, Angela Merkel , to discuss the “Future of Europe”. The summit, according to reveal sources Elysee, held ‘in Strasbourg. With the Merkel says Hollande in a long radio interview, “we do not have the same point of view, but we have the same interest: to strengthen Europe, thanks to choices more ‘solidarity and growth policies more’ active ‘. Hollande , the radio, also speaks of the so-called “Grexit” and that ‘the fear that Ath ens, after the next election of January 25, will leave the euro. “The permanence of Greece in the Eurozone – supports Hollande – depend ‘from Greece itself.”