Economy

xchrom

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15. Greek Stocks Plunge For Third Straight Day

Fri Dec 12, 2014, 07:45 AM

Dec 2014

http://www.businessinsider.com/afp-greek-stocks-plunge-for-third-day-over-political-uncertainty-2014-12

Athens (AFP) - Greek stocks plunged Thursday for a third straight day as the prime minister urged deputies to elect a new president next week and safeguard the country's fragile economic recovery.

The Athens general index closed 7.35 percent down, with the top banks losing 5.29 and 13.89 percent.

Anxiety over Greece's immediate political future has risen after the government unexpectedly brought forward to next week a high-stakes presidential vote that could result in early general elections if its candidate fails.

As the stock market fall gathered steam around midday, Prime Minister Antonis Samaras tried to rally his conservative MPs for the presidential vote.

Read more: http://www.businessinsider.com/afp-greek-stocks-plunge-for-third-day-over-political-uncertainty-2014-12#ixzz3LgQ4yr7T

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