Alpha Bank: Brexit will have an adverse, but not significant, effect

30 June 2016
327 Views

The President of Alpha Bank Vasilis Rapanos estimated that the Brexit will have a negative effect on the prospects of the European economy and is likely to affect Greece, but these effects will not be significant.

Mr. Rapanos made the argument during the bank’s annual regular general meeting and noted that the UK’s departure from the European Union must be orderly, so that the negative consequences are limited.

According to the Alpha Bank president the Greek economy will not overcome the recession until the second semester of 2016, when minor growth rates are expected. This, he added, will contribute towards restoring trust, along with further implementation of reforms.

You may be interested

Lotto results: 18/08/2018
GREECE
shares35 views
GREECE
shares35 views

Lotto results: 18/08/2018

Panos - Aug 18, 2018

The winning numbers from the Lotto draw are as follows:

Rubikon storms the Embassy of Austria!
GREECE
shares44 views
GREECE
shares44 views

Rubikon storms the Embassy of Austria!

makis - Aug 17, 2018

An invasion of the Embassy of Austria took place at noon on Friday by the anarchist group Rubicon. In a…

Germany: We have agreed with Athens on the return of immigrants to Greece
WORLD
shares49 views
WORLD
shares49 views

Germany: We have agreed with Athens on the return of immigrants to Greece

makis - Aug 17, 2018

On Friday afternoon the spokesman of the German Ministry of the Interior announced an agreement with the Greek government regarding…

Leave a Comment

Your email address will not be published.