Prospect of default or Grexit grows after weekend talks collapseAs Greece edged closer to default after weekend talks with its creditors collapsed almost as soon as they began, leading shares hit a new three month low.The FTSE 100 fell 74 points or 1.1% to 6710.52 - its lowest level since 10 March - as investors fretted that both sides were becoming more intransigent in their positions, even as time for Greece to reach a deal comes closer to running out. London fared slightly better than some of its European peers, with German and French markets both down around 1.6%. In Greece, the Athens market dropped 4.68%, ahead of what is seen as a key Eurogroup meeting on Thursday. On Wall Street, the Dow Jones Industrial Average was down around 100 points or 0.6% by the time London closed. Continue reading...
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