Greek Markets Shudder as Tsipras Stands Ground on Economic Plans
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Greece’s bonds and stocks fell as Prime Minister Alexis Tsipras showed little sign of backing down in a standoff with international creditors as he began three days of debates on his government’s policy plans.
The selloff sparked the biggest increase in yields on three-year Greek notes since 2012. Equities dropped, led by Piraeus Bank SA, and the nation’s lenders were the worst performers in Bank of America Merrill Lynch’s Euro Financial High Yield index.