ECB-Fueled Euphoria Masks Looming Greek Election Threat: Options
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Mario Draghi’s expansion of asset purchases is lifting Greek equities too, snapping a trend that has seen the ASE Index splinter from peers.
The Greek stock gauge rallied 6.1 percent in Athens, erasing this year’s losses that had reached 4.2 percent through yesterday on concern elections this month endanger the nation’s four-year-old bailout. At least for today, investors brushed aside concern that the European Central Bank president’s stimulus package contains provisions that could exclude Greece.