Greek Stocks Rally to One-Month High as Election Backs Austerity

Greek stocks rallied to a one-month high after pro-bailout parties obtained more than half the seats in national elections, easing concern the country will leave the euro currency union.

National Bank of Greece SA, the country’s largest lender, and EFG Eurobank Ergasias SA, jumped at least 11 percent. Hellenic Telecommunications Organization SA, Greece’s largest telephone company, gained 11 percent.