Kyriakos Mitsotakis, speaking from London, put an end to the scenarios of imposing an extraordinary tax on bank profits.

The Prime Minister, who is attending the Morgan Stanley and Athens Stock Exchange conference, reportedly said in a private meeting with investors: "The government knows what it wants from the banks and has the means to launch it. The extraordinary tax on banks is not among them."

This information about the "tombstone" to the extraordinary tax scenarios from the most official lips has triggered a strong rally in bank shares on the Athens Stock Exchange. It is typical that the sectoral index, during today's session, soared by more than +3% and returned to 1,185 points, putting a "brake" on the recent liquidations, which had led to a fall to below 1,150 points (10-month low).

As the main guest of the opening event of the conference, Mr Mitsotakis is expected to present the state of the Greek economy and the investment opportunities in Greece, in the form of a discussion, where questions will be asked by the Head of Morgan Stanley's European Investment Department, Massimiliano Ruggieri. 

As government sources point out, "the Greek economy continues to be the positive surprise of the eurozone. The yield on the Greek 10-year bond is close to that of the French bond and Greece has the largest debt reduction in Europe." The positive climate for the Greek economy is characterised by the fact that in December the early repayment of loans, from the first memorandum, amounting to 7.9 billion euros, will be completed. While in 2025, another €5 billion will be paid to repay loans scheduled to mature between 2033 and 2042.