Greek stocks plunge 4.5% after debt talks collapse
The benchmark Athex Composite index recovered to 828.88 points, or 3.59 percent off Monday's close in early trading, after a meeting of eurozone finance ministers in Brussels ended in disarray and with an ultimatum for Greece to present a solution by the end of the week.
However, the yield on Greece's 10-year bonds -- a common indicator of market sentiment -- was largely steady at 9.554 percent from 9.653 percent on Monday.
Greek Finance Minister Yanis Varoufakis held out hope that differences could be bridged within the next two days, with the possibility of another meeting on Friday.
"I have no doubt there is going to be an agreement in the end," Varoufakis said late Monday after the talks abruptly ended after only a few hours.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment