Greek Finance Minister Warned: Bull Market Unsustainable

　　 Greece Wa Lou Fa Keith, the finance minister, issued a warning last Saturday (March 14th) that the European Central Bank (Yanis)'s debt purchase plan will spur an unsustainable stock market rally and is unlikely to boost euro zone investment. (Varoufakis), the financial secretary, said on Saturday.

　　 "Scattered environment"

Eurozone bond yields have fallen sharply, but so far, interest rates at record lows have failed to stimulate investment. Countries such as Italy and Spain, which are suffering from recession, are in urgent need of investment to promote economic growth.

Wa Lou Fa Keith said, " Quantitative easing (QE) everywhere, optimism is everywhere, and the end result may be disappointing. It is hard for me to understand how we can expand the basic currency itself to the substantial growth of productive investment in our currency union, which is increasingly fragmented and collapsing.

He said: "the result is that the stock market is rising, but it is difficult to continue."

Vrougakis reiterated that the new Greek government was prepared to make reasonable arrangements for its anti - slendish measures, so as to help negotiate with the EU partners without affecting the payment of financial assistance.

However, recent market performance seems to be summed up as: where QE is, where to buy stocks.

　　 Capital forward, European stocks broke record high

The so-called "geomancy" turns out to be weaker than the European stock market in the US stock market. It began to pick up earlier this year, and the German stock market DAX index hit a new high last Friday.

Up to now, the pan European Storck 600 index has been rising for 6 consecutive weeks, and the cumulative increase this year has reached 15.8%. In the European stock markets, the German DAX index hit a record high again, and has been rising for ninth consecutive weeks, the longest sustained trend since the end of 2013. The index has risen 21.4% this year. The French CAC 40 index has closed above 5000 for the first time since May 2008, and has risen 17.2% this year.

Europe equity market The driving force of the rise is inseparable from the European Central Bank's "big drain". European stock market has become the darling of investors this year after the European Central Bank began to implement the trillion euros quantitative easing plan.

A report released by EPFR, a data provider, shows that 35 billion 600 million US dollars have been inflows into European equity funds this year, exceeding the historical high of US $32 billion in the first quarter of last year, compared with us $33 billion 600 million from US equity funds in the same period.