Greek stocks nosedive 9.8 pct over week amid bank sell-off

Economy Tags: Markets

Despite a rebound by 3 percent on Friday, the Greek equity market tumbled 9.8 percent for the second straight week amid continued turbulence in the global markets and increasing domestic uncertainty that mostly hit the banking sector.

The Eurogroup sent on Thursday a positive hint on the progress achieved so far in negotiations of Greek authorities with institutions, yet stressed that more work still needs to be done on key pending issues such as the pension reform, fiscal gap and ne...

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