Greek Stocks Crash
December 9th, 2014Via: CNBC:
Greece’s stock market plunged 13 percent on Tuesday and bond yields spiked after the country’s government surprised investors by announcing a snap presidential vote.
The election was originally scheduled for the new year, but will now take place next week. The news, announced late Monday, caused the Athens Stock Exchange to fall 13 percent by Tuesday afternoon, and the yield on Greek 10-year government debt to rise to 8.08 percent.
Greece’s banks were among the worst hit, with the National Bank of Greece trading down around 20 percent and Attica bank down 26 percent.
