Greece's War of Words With Eldorado Escalates on Shorting Charge

 Nikos Chrysoloras

 Paul Tugwell

Bloomberg

February 23, 2016 — 9:19 AM EET

Greek Energy Minister Panos Skourletis says Eldorado Gold Corp. Chief Executive Officer Paul Wright shorted the shares of his own company, comments the miner dismissed as “utter nonsense,” as tensions mount between the Canadian company and the government in Athens.
Eldorado shares fell 19 percent to C$3.53 on Jan. 12 in Toronto, the biggest one-day decline since December 2008, after Wright announced at a press conference in Athens that the company was suspending its investment plans for its Greek mines, blaming the attitude of the government.