European Stocks Fall to Two-Week Low as Ministers Discuss Greece

European stocks fell to a two-week low as euro-area finance ministers met to discuss Greek aid and concern grew that impending U.S. tax increases and spending cuts will harm the world’s biggest economy.

Alpha Bank SA led Greek banks lower as the nation’s creditors said the country may face a 15 billion-euro ($19 billion) financing gap. Cobham Plc slid 9.7 percent after the world’s largest maker of airborne-refueling equipment forecast weaker revenue and profitability. Telecom Italia SpA rose 4.2 percent as Egyptian billionaire Naguib Sawiris offered to purchase a stake in the company.