European Stocks Retreat Amid Greece Concern as Lenders Decline
Greece Is Heading for a Showdown With the EU
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A drop in banks led European stocks lower, with concern growing over the political situation in Greece as Prime Minister Alexis Tsipras reaffirmed his rejection of the country’s international bailout program.
The Stoxx Europe 600 Index fell 0.7 percent to 370.55 at the close of trading in London after dropping as much as 1.4 percent. With a 1.6 percent decline, lenders contributed the most to the gauge’s retreat. Greece’s ASE Index lost 4.8 percent as National Bank of Greece SA and Piraeus Bank SA slid more than