Greece’s financial situation is improving month after month.
A new tranche of funding, from € 6 billion to € 7 billion, should be released very soon. This will pave the way for the end of Greece’s bailout program by the end of summer, which should then allow rescheduling of the country’s debt.
Benefiting both from the improved financial situation and renewed interest in banking stocks, the GRE ETF (Lyxor FTSE ATHEX Large Cap) has started a stock market rally since November 2017, and has risen by 18% since then.
GRE : weekly data
