European Stocks Plunge Over Greek Debt Jitters

[youtube=https://www.youtube.com/watch?v=VSG2usMkuE8]

• Published on Jun 5, 2015
  European stock markets have fallen with Greece the hardest hit. The plunge came after Athens postponed its repayment to the International Monetary Fund till the end of this month. Athens Stock Exchange General Index lost 5.14 percent, making it the most among western-European markets. The stocks of Greek banks also suffered heavy losses of over five percent. The yield on the Greek government’s 10-year bond jumped 40 basis points to 11-point-32 percent. Major European markets also suffered in morning deals. London’s Footsie one-hundred index lost one percent. France’s CAC 40 tumbled 1.46 percent compared with Thursday’s close. Frankfurt’s DAX 30 shed one-and-a-half percent in morning trade. The uncertainty surrounding Greece’s future in the eurozone and its decision to bundle its repayments to the IMF into one on June 30 have worsened market jitters. Experts say Europe shares are set for their worst week amid the Greek debt crisis.

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