Greek Stocks Tank

Even though Greece reached an accord on the repayment of its sovereign debt, there are still those who believe the reprieve will be short-lived. Given this fear, coupled with the weak Greek economy, it is little surprise that the Athens stock market nose dived when it opened for the first time in five weeks. Overall, the Athens market fell 16.2 percent today, with several bank stocks dropping 30 percent, the maximum allowed according to Greek stock market regulations.