National Bank Leads Greek Stocks Lower at Start of Athens Trade

Greek stocks slumped in early trading on the Athens exchange today after Prime Minister George Papandreou called a referendum on the European Union’s second bailout for the country.

National Bank of Greece SA (ETE), the largest bank, lost 15 percent to 1.47 euros while EFG Eurobank Ergasias SA (EUROB), the second-largest, fell 21 percent to 54 cents. The benchmark general index declined 6.8 percent to 753.98 at 10:37 a.m. in Athens.

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