Greek Markets Plunge For Second Day In A Row
For the second straight day, the Greek stock market suffered losses as the country’s left-wing government conceded that dissent within the ruling party was likely to force an early election.
The main index was down 4 percent soon after the start of trading, with some banks again hitting the 30 percent lower trading limit. Shares plummeted 16.2 percent Monday, when the exchange reopened after a five-week closure.
The plunge comes as Greece reels from the impact of limits on money withdrawals and transfers imposed on June 29 to avoid a banking collapse as well as uncertainty over its negotiations for a new bailout and the stability of its government.
Nick Malkoutzis, editor of MacroPolis, joins Here & Now‘s Jeremy Hobson to discuss.
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