GREECE CRASHED IN THE US (GREK)

GREECE CRASHED IN THE US (GREK)

Business Insider

The Greek stock market closed hours ago, but the exchange-traded fund that tracks Greek stocks crashed during the final minutes of trading in the US markets.

Shortly after 3:30 p.m. ET, the European Central Bank announced that it lifted its waiver on minimum credit rating requirements for marketable instruments issued or guaranteed by Greece.

To put it another way, Greece can exchange its poorly rated bonds for money.

More to come...

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