Author Topic: Black Tuesday  (Read 3105 times)

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Offline Maik

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Black Tuesday
« on: Wednesday, 10 December, 2014 @ 02:59:35 »
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Greek financial markets plummeted on Tuesday as investors took fright at the premier's decision to hold a no-confidence vote in his administration fuelling fresh political instability and fears of the radical Syriza party taking power.

The Athens share index fell by almost 13 per cent, the biggest single-day drop since 1987 and a heftier decline than any registered in the recent years of financial crisis in the Mediterranean country. Yesterday has already been named “Black Tuesday”.

The panic followed the surprise decision taken on Monday by the Prime Minister, Antonis Samaras, to call a snap presidential election. Analysts said an early presidential poll increased the likelihood of a snap general election, which could take place as early as next month.
http://www.independent.co.uk/news/world/europe/black-tuesday-in-greece-as-markets-plummet-amid-election-fears-9913704.html