Greek Stocks Lead Europe Markets Lower as Debt Talks Break Down
Greece Running Out of Time, Options as Talks Collapse
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Greece dragged European stocks to their lowest level on almost four months after weekend debt talks between the Mediterranean nation and its creditors broke down.
The Stoxx Europe 600 Index slipped 1.6 percent to 383.02 at the close of trading. Greece’s ASE Index dropped 4.7 percent, with Alpha Bank AE and Piraeus Bank SA tumbling at least 9 percent. Italy’s FTSE MIB Index posted the second-worst performance among western-European markets, with a 2.4 percent decline.