Greece Bans Short Selling As Stocks Plunge To Lowest Level In 14 Years

ATHENS, Greece -- Greece has banned short selling on the stock market for two months from Tuesday, after shares on the Athens Stock Exchange plunged to their lowest level in more than 14 years.

The bourse's general index sank below the 1,000-point mark Monday, closing down 6 percent at 998.24 – the lowest level since January, 1997 – as financial markets were buffeted by worries over the U.S. economy following a downgrade of the country's debt.

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