FTSE down 2% amid Greek default fears

The London market slumped 2% today as the increasing likelihood of a Greek debt default shook investor confidence.

FTSE down 2% amid Greek default fears
Mon, 19 Sep, 2011 - 19:31

The London market slumped 2% today as the increasing likelihood of a Greek debt default shook investor confidence.

The FTSE 100 Index closed 108.9 points lower at 5259.6 after European finance ministers pushed back a decision on releasing further bailout funds to recession-hit Greece.

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CourtsBusinessFTSEPlace: LondonPlace: GreecePlace: GermanyPlace: UKPlace: EuropePlace: AntofagastaPerson: Angela MerkelPerson: Tim TookeyPerson: Stephen MarksOrganisation: FTSEOrganisation: EUOrganisation: GreeceOrganisation: US Federal ReserveOrganisation: Royal Bank of ScotlandOrganisation: BarclaysOrganisation: Lloyds Banking GroupOrganisation: Randgold ResourcesOrganisation: OcadoOrganisation: French ConnectionOrganisation: National GridOrganisation: Imperial TobaccoOrganisation: GlaxosmithklineOrganisation: Xstrata
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