ATHENS
European creditors on Wednesday pulled a recently announced debt relief package for Greece in protest against subsequent spending measures announced by Athens.
Greek stocks fell sharply and the government’s borrowing rates jumped as investors fretted over a potential flare-up in the country’s bailout problems and the possibility of early elections in the country.
The main stock market in Athens closed down 3.2 percent, while the yield on the country’s 10-year bond rose 0.28 percentage point to 7.01 percent above the 7 percent level that is considered to be unaffordable.
The market moves came after Michel Reijns, the spokesman for the eurozone’s top official, said in a tweet that recent, unsanctioned actions by the Gre…
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