+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

This Chart Shows How Crazy Today's Greek Stock Market Crash Is

Dec 9, 2014, 20:12 IST

Greece is getting crushed today.

Advertisement

Stocks were down by as much as 11.2% on Tuesday - the worst plunge since 1987.

Reuters reporter Jamie McGeever tweeted a chart showing the magnitude of this plunge relative to other drops.

It's not good, that's for sure. Check it out:

Jamie McGeever/Reuters

Advertisement

So what's going on in Greece?

This crash follows the news that Greece's presidential elections are being brought forward to December 17.

If the government does not get the supermajority needed to install a president, there's a chance there will be a general election. Right now, the radical Coalition of the Left is leading in the polls.

And investors appear to be getting really nervous about that.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article