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