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Euro sinks as Greece threatens to leave eurozone
[Daily Nation (Kenya)] European shares have dived and the euro hit a 22-month low before an informal EU summit and after former Greek prime minister warning that Greece might leave the eurozone.There was tension after Germany reasserted its stance against eurobonds -- whereby strong and weak eurozone countries would pool their ability to borrow -- despite calls from other members and the IMF to consider this option. In afternoon trading, London's benchmark FTSE 100 index dove 1.97 per cent to 5,296.69 points, Frankfurt's DAX 30 recoiled 1.90 per cent to 6,313.41 points and in Paris the CAC 40 shed 2.70 per cent to 3,00.87 points. Posted by: Fred 2012-05-24 |
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