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European Debt Crisis

Greek stock market bloodbath as exchange reopens

Greece suffered its worst stock market bloodbath in decades on Monday, when it opened after a forced five-week closure, and new data showed a dismal outlook for the bailout-dependent country's shrinking economy. The main stock index shed over 22 percent just minutes into the opening, as investors got their first opportunity since late June to react to the latest twists in the country's nearly six-year economic drama. The index closed 16.2 percent lower, with bank shares hitting or nearing the daily trading limit of a 30 percent loss. Collectively, Greek-listed companies lost about a sixth of their market value — almost 8 billion euros ($8.7 billion). "There's a...

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