European Stocks Plunge as Greece Sticks to Anti-Austerity Policy!

[youtube=https://www.youtube.com/watch?v=UQRx-ihGPH4]

• Published on Feb 9, 2015
  European stock markets sink after Greek Prime Minister Alexis Tsipras pledges to stick to his electoral anti-austerity promises. Tsipras has pledged that he remains unshakable in his bid.
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  London’s FTSE 100 index fell by nearly one percent in early trade. Also in Paris, CAC 40 shed a little more than one percent. The impact was harder in Germany where Frankfurt DAX 30 index plunged by over one and a half percent. But, stocks took the greatest blow in Athens, plummeting by more than six percent at the opening bell. This comes on back of Greece’s refusal to ask for a bailout extension from its creditors with a deadline looming this week. Intense talks are underway in Athens to avoid a Greece default and its potential exit from the eurozone. German Finance Minister Wolfgang Schaeuble has warned that Greece needs to agree with its creditors if it wants European help.

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