Greek stocks surge over 5% on ECB stimulus package

2015-01-23 07:18:05

(MENAFN- AFP) Greek stocks surged over 5.0 percent on Friday after the European Central Bank announced a bond-buying programme to stimulate the eurozone economy, and ahead of Sunday's general election.

The Athens stock market was up 5.55 percent in early trade to 835.75 points two days before the crucial ballot that could determine the country's future in the euro area.

The ECB on Thursday took an unprecedented decision to pump tens of billions of dollars a month into financial markets.

Greeks on Sunday are likely to elect anti-austerity party Syriza which wants to renegotiate the country's unpopular EU-IMF bailout and erase most of the huge state debt.

The outgoing conservative-led government has warned that such steps could alienate Greece's creditors and threaten the country's place in the eurozone.

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