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Greek Stock Market Suffers 2nd Day of Losses

  • Associated Press

Two men check an index board at the reception hall of the Athens' Stock Exchange, in Athens, Aug. 4, 2015.

Two men check an index board at the reception hall of the Athens' Stock Exchange, in Athens, Aug. 4, 2015.

The Greek stock market is suffering a second day of losses since reopening, with banks shares down the most.

The main index was down 4 percent soon after the start of trading Tuesday. It fell 16.2 percent Monday, when it reopened after a five-week closure.

The plunge comes as Greece reels from the impact of limits on money withdrawals and transfers imposed June 29 to avoid a banking collapse as well as uncertainty over its negotiations for a new bailout.

Greece's government is relying on opposition party support for approval of new austerity measures demanded by bailout lenders, following a revolt by nearly one-fourth of its own lawmakers.

Government spokeswoman Olga Gerovasili said the government would not form a national unity government and described early elections as 'likely.''

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