Greek stocks plunge ahead of austerity inspection

Published July 23, 2012 2:54pm ET



ATHENS, Greece (AP) — Greek shares plunged Monday on the eve of a new inspection of Greece’s troubled austerity program as investors feared the barely solvent country could be forced to leave Europe’s single currency.

Roughly more than €1.5 billion ($1.8 billion) was wiped off the value of listed companies. The main exchange in Athens was down 7.1 percent shortly before closing.

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