Anxiety that voters will kick out leaders committed to Greece’s bailout wreaked havoc on markets, sending the nation’s shares for the biggest weekly slump since 1987 and making them this year’s worst performers behind Russia.
The ASE Index has lost 20 percent this week, taking its decline for the year to 29 percent. Only Russia’s RTS Index did worse, with a 44 percent plunge. The rout spread to Greek bonds, with rates on three- and five-year notes jumping yesterday to the highest levels since the 2012 debt restructuring.
