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Tuesday, February 3, 2015

Greek stocks are going nuts

Greek stocks are soaring Tuesday on hopes of a resolution to the debt standoff between Greece's new radical government and its creditors.  Right now, the Athens Stock Exchange General Index is up 8.91%. Here's a one-week chart from Bloomberg:   The news comes after Greece's new finance minister Yanis Varoufakis told the Financial Times that instead of requesting a write-off of its €315 billion (£237 billion; $357 billion) foreign debt, the government would ask to swap Greek debt for two new types of bonds linked to growth.Join the conversation about this story »


READ THE ORIGINAL POST AT www.businessinsider.com