Greece’s stock market crashed on Tuesday and bond yields spiked after the country’s government surprised investors by announcing a snap presidential vote.
The election was originally scheduled for the new year, but will now take place next week.
The news, announced late Monday, caused the Athens Stock Exchange to close down around 12.8 percent on Tuesday, and the yield on Greek 10-year government debt to rise to 8.158 percent. Continue reading “Greek stocks crash, yields spike on political strife”