The euro has hit its weakest level against the pound since 2007 and stock markets are tumbling as the financial crisis in Greece deepens. Asia was first to react to the growing prospect of Greek default and exit from the eurozone with stocks falling more than 3% in Hong Kong and Japan. European stock markets were tipped to fall heavily, with the DAX in Germany currently forecast to open 4% lower while the FTSE 100 in London was seen opening 3% down.
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