Europe Stocks Drop for Fourth Day on Greek Government Row
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European stocks fell, with the Stoxx Europe 600 Index posting its biggest weekly decline in 13 months, as Greek Prime Minister Antonis Samaras lost one of his two coalition partners and investors weighed the outlook for Federal Reserve stimulus measures.
National Bank of Greece SA plunged 11 percent as Greek stocks tumbled the most since October. SAP AG lost 2.7 percent after U.S. peer Oracle Corp. forecast quarterly profit at the lower end of analysts’ projections. Groupe Eurotunnel SA slipped 6.5 percent as brokers cuts their ratings on the stock.