Tags: EU | Greece | Bailout

Greek Shares Tank as Eurozone Suspends Debt Relief

Wednesday, 14 December 2016 12:06 PM EST

ATHENS, Greece (AP) — Greek shares have fallen sharply while the interest rates charged on Greek bonds jumped higher after the country's European creditors pulled a debt relief package announced only last week in protest at subsequent budget measures by Athens.

In late Wednesday trading, the main stock market in Athens closed down 3.2 percent while the yield on the country's 10-year bond rose 0.28 percentage point to 7.01 percent — above the 7 percent level that is widely considered to be unaffordable.

The market moves came after Michel Reijns, the spokesman for the eurozone's top official, Jeroen Dijsselbloem, said in a tweet that recent actions by the Greek government "appear to not be in line with our agreements." As such, he said there was "no unanimity" for implementing the short-term debt measures.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Greek shares have fallen sharply while the interest rates charged on Greek bonds jumped higher after the country's European creditors pulled a debt relief package announced only last week in protest at subsequent budget measures by Athens.In late Wednesday trading, the main...
EU,Greece,Bailout
131
2016-06-14
Wednesday, 14 December 2016 12:06 PM
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