Gov’t meeting to seek institutional strengthening of stock market

A meeting headed by Finance Minister Euclid Tsakalotos on Thursday discussed ways towards a further institutional strengthening of the stock market and an improvement of corporate governance in the country.

The meeting was also attended by state deputy minister Dimitris Liakos, the chairman of the Athens Stock Exchange Socrates Lazaridis and the president of the Capital Market Commission Charalambos Gotsis.

Gotsis, speaking in a radio station earlier in the day, said that Capital Market authorities were conducting an inspection on Wednesday’s transactions to see if there were any problems, not short-selling which is allowed, but to see whethere there are signs of market manipulation. He added that each time there is such high volatility in the market authorities check the situation.