National Bank of Greece (NBG), Related Assets Decline as Greece to Face Snap Elections
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National Bank of Greece (NYSE: NBG) and other Greek assets traded lower Monday after Greece failed to elect a new president in a final round of voting, forcing snap elections next year.
News comes amid Greek Prime Minister Antonis Samaras making concessions geared at convincing lawmakers to back his candidate.
Off 300 lawmakers in the Greek parliament, 168 voted in favor of Stavros Dimas, a former European commissioner. Dimas needed 180 votes to get elected.
Samaras said Greece will hold elections again on January 25th.
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