Euro tumbles to four-month low

Global stocks slid and the euro hit a four-month low yesterday on worries about a potential exit by Greece from the eurozone, while the outlook for slower world growth worsened after China moved to prop up lending.

Data pointing to a deeper European recession, along with growing skittishness about the Greek debt crisis, helped push European shares down nearly 2% to their lowest levels in more than four months.

Government debt gained, pushing German yields to record lows, as coalition talks in Greece on Sunday faltered, increasing the chance of new election in mid-June.