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Developments in Greece produce volatile market reaction
The Greek stock market plunged 5.38 percent on Friday in the aftermath of the Eurogroup’s indication that it would support a precautionary credit line for Greece in the form of an Enhanced Conditions Credit Line (ECCL).
As a result, the Athens Stocks Exchange (ASE) general index lost in just one session the gains recorded in the preceding four days, ending the week down 0.6 percent.
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