Greece’s European creditors suspend debt relief measures

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Posted on December 15, 2016, 8:25 am
6 mins

ATHENS — European creditors on Wednesday pulled a recently announced debt relief package for Greece in protest against subsequent spending measures announced by Athens.

Greek stocks fell sharply and the government’s borrowing rates jumped as investors fretted over a potential flare-up in the country’s bailout problems and the possibility of early elections in the country.

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 considered to be unaffordable.

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