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Greek Bank Shares Plummet Amid Concern on Political Outlook

Greek banks posted the biggest decline in two months after Prime Minister Antonis Samaras said he will begin the process of selecting a new president next week, a move that could trigger an immediate election.

FTSE/Athex Banks Index fell 14.4 percent at 3:30 p.m. in Athens, the largest intraday decline since Oct. 15. Shares of the National Bank of Greece SA, the country’s biggest lender by assets, dropped 15.6 percent.