Greek Market Moves Don’t Alter EU Stance, Official Says

Market tension in Greece hasn’t weakened the European Union’s determination that officials in Athens stick to commitments under the nation’s international bailout, said Valdis Dombrovskis, the European Commission’s vice president for the euro.

Stocks in Athens fell this week to lows not seen since the worst of the debt crisis, with Greek banks losing more than $10 billion of value within 48 hours of the appointment of an anti-bailout cabinet under new Prime Minister Alexis Tsipras. The markets rebounded Thursday as the government sought to downplay the prospect of a clash with creditors, with the stocks gaining 3 percent and the yield on benchmark 10-year Greek bond falling 21 basis points to 10.12 percent.