European shares slide as Greece faces new elections

lunes 29 de diciembre de 2014 07:37 GYT

* Greek lawmakers fail to elect new president

* Athens' ATG equity index slumps, hitting European markets

* Spanish and Italian markets also slide

* UK's FTSE outperforms, helped by rise in gold miners

By Francesco Canepa

LONDON, Dec 29 (Reuters) - Greek stocks slumped on Monday, knocking European peers, after lawmakers rejected the government's candidate for president, leaving Greece facing a snap election that could derail its bailout programme.

Sole candidate Stavros Dimas, a former European Commissioner, fell short of the 180 vote supermajority needed to become president. He secured 168 votes in parliament, the same score he achieved in the second round.

Under Greek law, a general election must now be called, which polls suggest may be won by the left-wing Syriza party that has expressed opposition to Greece's bailout programme.

The vote sent the benchmark ATG Athex General Composite Share Price Index down by 8.6 percent, leaving it at levels not seen since 2012. The Athens index had already slumped due to fears that Dimas would fall short, dropping 12.8 percent on Dec. 9, and is down 33 percent in 2014.   Continuación...