Greek Market Dips After 5-Day Bull Run

Greek Market Dips After 5-Day Bull Run

ATHENS, Greece June 21, 2012
Greek stocks have dipped following nearly a week of gains and a day after conservative leader Antonis Samaras was sworn in the new prime minister, ending protracted political uncertainty.

Samaras, who will head a three-party government with the Socialist PASOK and the smaller Democratic Left party will confer with coalition partners later Thursday.

The members of Greece's new cabinet are expected to be named shortly afterwards. Prominent banker Vassilis Rapanos is widely tipped to be named to the key position of finance minister.

Samaras' New Democracy party came first in national elections Sunday, but without enough seats in parliament to govern alone.

The main Athens stock index was down 0.5 percent in morning trading Thursday. Investors sought to cash in on five days of gains that reached nearly ten percent.
From abc news