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Greek market rallies after snap elections declared by Tsipras

The market reacted positively to the announcement of early elections due to the historic victory of New Democracy with a difference of 9.5 points against SYRIZA on Sunday’s European Parliament elections.

The Greek stock market rallied, and especially banks, after the historic outcome of Sunday’s European elections which saw conservative party New Democracy trounce leftist SYRIZA. The market opened upward with gains of 5.8%. The General Index is already moving at 770.25 points, recording an increase of 5.22%.

  • Published in Greece

Greek bank stock in downward freefall

Piraeus Bank shares collapsed by 29% to 1.161 euros - Eurobank shares lost 17.3% - National Bank dropped by 10.21% and Alpha Bank by 4.59% - The interest rate of Greece's ten-year bond stood at 4,267% 

  • Published in Greece
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